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Bullboard - Stock Discussion Forum NAL Energy Corporation T.NAE

TSX:NAE - Post Discussion

NAL Energy Corporation > looking cheap now
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Post by darwind on Feb 06, 2012 2:49pm

looking cheap now

BUY 7.560 David Cockfield Just added to his positions. Liked the company and where they are drilling in Alberta. They are good managers, but someone has been selling it and it has been significant and it has brought the stock down. They did cut the dividend but it is still at 8%. Will do quite well over the next couple of years. 2012-01-20
Comment by lilswede on Feb 06, 2012 4:56pm
At $7.00 you get a 8.6% return, at $8.00 you get a 7.5% return. I hope everyone who is selling is putting there money into a gic at 2.2% because that is where they need to be.
Comment by unclesam2 on Feb 07, 2012 1:40pm
- NAE is dropping at a rate of approx 0.5%+  average every day for the last few weeks. Based on this, we should  go to "ZERO"  before  the end of this year !!! - I guess I will back up the truck in 2013 when NAE shares are listed "FOR FREE"   - LOL !!
Comment by darwind on Feb 07, 2012 4:24pm
Ha Ha no kidding. I'll take those free shares. This is a solid well managed quality company. Anything down here in the 7's is stupid cheap. She's a buy and hold at these levels. Even the big boys agree we are now trading well below target price. It's a buy and hold and with a 8.46% dividend it's hard to complain. With its reduced dividend, NAL screens as one of our most ...more  
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