I don’t short stock out of principal. It’s a zero sum game. I make enough money going long.
I see oil going lower, or the same level at best.
My point is this, there is every chance we are due for a decent correction on the market. May have started last night. Not taking $7 at this time in the current environment is crazy.
The div yield at best will be 2-3%. At current levels that will that be 10-15 cents per year.
How many years will that take to make up for the difference in capital? Currently $1.30
Maybe oil will hold up as management predicted, maybe they do execute on their plans. Playing the odds though i’d rather take $7 now than hope for a premium on that years down the track. There will be a lot of luck involved in my view for this stock to be above $7 any time soon
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Last
$7.23 |
Change
0.040(0.56%) |
Mkt cap ! $23.48B |
Open | High | Low | Value | Volume |
$7.25 | $7.28 | $7.20 | $45.98M | 6.353M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 10011 | $7.22 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$7.23 | 15000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 6925 | 7.220 |
1 | 10000 | 7.210 |
11 | 26784 | 7.200 |
4 | 7565 | 7.190 |
1 | 500 | 7.180 |
Price($) | Vol. | No. |
---|---|---|
7.260 | 2843 | 1 |
7.270 | 4834 | 3 |
7.280 | 16369 | 5 |
7.290 | 2000 | 1 |
7.300 | 78329 | 9 |
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