RE:RE:RE:RE:RE:RE:Closed on another garbage daySarge - Good to hear from you too. Hope you are doing great, things are just awesome with us.
Figure I can make some money buying AQN cheap, seems like the 7s and low 8s are the bottom of the current range, and selling it on a 10 to 15% runup like I have been for a few motnths now. As you know, I bailed out of this stock when they announced the Kentucky Belchj purchase and damn glad I did. Not yet where I am comfortable buying and holding for the long term, too many issues in the C suite and the board, but it is a decent trading stock in this range. Be interesting to see just how long it takes them to get back on the straight and narrow, and go back to being a widows and orphans stocks. Stay well buddy!.
SargeX wrote: Hey Dean
How she go?
Lots of action in the markets these days (as usual)
I know you wil eventually do well with your latest AQN buys. There will definitely be a bounce when they sell the renewables. Not sure about $10 but I woukld think to at least $9.50.
I had always thought that good assets would trump bad management but that sure hasn't been the case with AQN. I was shocked to see they went with one of their existing twits as the new CEO. These guys never learn. What a terrible Board.
I must admit that I am very pleased to have sold all of our AQN with prices up to $10.90 and an average of $9.40. We managed to eke out a $43.6k profit but that's a far cry from what it would have been if we had sold back in Oct/2021 when the KPC deal was announced. I thought long and hard at that point but badly misjudged how things would play out. Live & learn.
Take her easy
Sarge
DeanEdmonton wrote: To be honest, if it gets to $10, or whatever price it hits when the renewables are sold, I will flogg them all and wait to see what happens. If they sell their renewables, the dividend payout will be 100%, and that is too high for my tastes.