RE:Basically a 6.5% GIC IMO... not nearly enough to offset the risk to capital in buying / holding. Interest rate needs to be more than double to offset. The Canadian E&P sector can no longer be evaluated against historical metrics. Way too much damage has been done by government, ESGs, NGOs and activist groups to suggest a dividend paid by a E&P is at all comparable to that of companies in sectors not under attack. The general public views E&Ps as being worse than big tobacco. I've heard this said by youger generations... "Tobacco is better as it pulls more CO2 out of the atmosphere... Leaves are burned and stocks composted."
It's unfortunate but the world has gone mad.
Fishcop69 wrote: Basically a 6.5% GIC for the next year with some potential upside (but no guarantee).
But, if you have a positive outlook for the energy sector it's the ugliest girl at the dance that is capable of performing well if the band keeps playing.