Spoken like a true "low information investor" who can see the price of everything
but can determine the value of nothing.
You get paid to wait: 3.33% dividend yield with likely 10% dividend increase
coming in about 6 months. That would make it nearly 3.7%.
Keystone is NOT needed by CVE. Other pipelines are getting built to serve each
of the Canadian coasts. Plus, lack of Keystone will help keep the margins high
at the Borger and Wood River Refineries in which they own 50% interests.
The time to be buying a stock is when "low information investors" write about it
being "garbage" because the price has declined.
Question: When your supermarket puts sirloin steak on sale at 30% off, do you still buy the chicken?