Quote about out of favor stocks - may apply to ECA (and other Canadian energy names)
“What is really happening,” he adds, “is most of the despised companies are despised for good reason, but some of the despised ones end up with marvelous recoveries, and on average the despised ones do better."
That is another way of looking at stocks with great dividends. (like PBN for an example). Sometimes the dividends are high for a good reason (like they are unsustainable and company is about to unravel). But sometimes there are good buys to be had in the high dividend space. ECA (for better for worse) is a long term core holding for me, but I still do add opportunistically (under $20 is my range right now, so I am adding).