Sorry, was busy with other things. Have to make time to look at it. What is your time horizon for holding this stock?
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Sorry, was busy with other things. Have to make time to look at it. What is your time horizon for holding this stock?
As long as it is paying a good Div i'll hold, so +5 years if needed.
They pay such dividend in order to prop up the value of their equity because they are seriously in debt - for every dollar of equity they owe 73 cents to creditors. Generally speaking, it is an underfunded and heavily indebted company. There's only one factor which is going to play in favour of this company - rising crude price for the next couple of years.
I knew you would have some insight, Thank you.