Post by
canne on Sep 08, 2014 11:41am
stock vs oil
since June oil has dropped about $13 a barrel and LRE has dropped by about 10%, so in fact LRE is holding its own as commodities have taken a hit. The hedging program should be smoothing out the cash flow to the degree that they are hedged (about 50% I think) The dividend has kept investors like me in this stock and I have recently added a bit to my position. I also own BXE but that one has been a real rocky ride as it is trading off by 32% from its highs. Bellatrix does not pay any dividend and this is a good example of giving up income for growth - you are going to get some pretty wild volitility. For the short term at least, LRE has been the better investment...
Comment by
barneyj44 on Sep 08, 2014 11:46am
Lre hasn't participated with the Surges and Whitecaps during the past year, they have all risen with the price of oil where as we have lagged, not that oil is retreating were going down as well albeit a little slower...frustrating stock but we get paid to wait....