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
$7.47 |
Change
-0.390(4.96%) |
Mkt cap ! $24.26B |
Open | High | Low | Value | Volume |
$7.66 | $7.66 | $7.45 | $67.51M | 8.973M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 3144 | $7.47 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$7.48 | 18958 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 233 | 7.470 |
3 | 6300 | 7.460 |
12 | 54792 | 7.450 |
4 | 9082 | 7.440 |
5 | 15750 | 7.430 |
Price($) | Vol. | No. |
---|---|---|
7.480 | 18958 | 2 |
7.490 | 3031 | 2 |
7.500 | 3006 | 3 |
7.510 | 19331 | 1 |
7.520 | 19931 | 2 |
Last trade - 16.10pm 05/08/2024 (20 minute delay) ? |
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