TSX:HSE.PR.B - Post by User
Post by
Analysethis2on Sep 01, 2003 7:09am
255 Views
Post# 6370288
HSE looks like a great buy
HSE looks like a great buyI bought at 19.20 two weeks pre special dividend for tax strategy to get dividend (complicated story). So this has been so far a 9% return in 2 weeks! If the stock had gone to 18.20, I still would have been happy.
With the high price of Oil and Gas these days, the next quarter profits are going to be huge again. I can't see why people would want to sell at this time with such a great reporting quarter coming.
I believe this is a great investment because of the general negative sentiment for the management of this company. The price is low (in comparison with other oil and gas) and low expectation is already priced into the stock. If the company is average, it will still go up. If the company does well, it will be a great run-up.
From recent analysis reports on the purchase of Marathon, if the price of oil goes down, it will not have been a good investment, if the price stays high, everyone will be patting management on the back (oil reserves are limited. HSE can get their money back in short order if oil/gas stays high).
We'll see what happens in the next couple months.
Ciao