Post by
oldbrit34 on Dec 28, 2023 4:28pm
2024 a tough year for ENCL?
Not exactly off to a good start having lost $1.46 off the opening price three months ago and paying out 87cents in divs. The fund only has $34 million in it and the yield is at 18.75%, Why do they shoot so high with the yield to begin with for it looked unsustainable from the start?.Its hard to think of this one as anything but a value trap especially as energy looks wobbly for the first part of 2024. Maybe just maybe it could be a good buy during the latter part of 24.