TVE Shares are Trending Lower......plain and simple like they do at this time of year. Go look at the charts and you'll see that TVE bottomed in June 2023 and looks to be repeating that performance again this year. So you might as well quit beating yourselves up and blaming TVE management for the decline. Instead wait for it to bottom with the lower oil prices until the summer driving season kicks in and oil prices recover or some geopolitcal event triggers another rise in oil price.. We need WTI over $80 for this thing to move higher and you can bet the Biden camp will be doing everything they can to keep oil prices lower this summer and heading into the election, especially with the latest data still showing inflation is not abating.
If we're lucky TVE will bottom at around $3.50 but if it breaks through the 200 DMA then a retest of the low $3.00's isn't out of the question. Not ideal for day traders but I'd personally be quite happy to pick up more TVE shares in the low $3.00's. In the meantime I'll just keep collecting the respectable dividend. TVE is a great company and will have its day, it's just not quite yet.
In the meantime, GLTA
HB77