RE:RE:Buy backs and dividends
PlutusofCrete wrote: Looking for someone who's been in BNE longer than me (1 year) avg cost $5.70 - do I bail out or does anyone see this recovering in the next 12 months? Serious answers...and I am okay with people saying it is a lost cause.
I'm one of the older timers, unfortunately I jumped in catching a falling knife in the Oil Crash years ago, never sold out as it's in my TFSA thus can't get Tax Loss treatment for it. Have bought more in the past couple years to be ready for the phoenix to rise from the ashes... or something like that...
If/when things go well with Nat Gas pricing, things should really take off. It's fairly tightly held and low share count, with much of the old debt beaten out. The big questions are when are we getting the dividend again, and how quick will this torque upwards on the commodity trend? Many older Oil & Gas peeps probably avoid the name as the crash was vicious, so they will very much be a "Show Me" story to get people excited to trend upwards...