50 day moving average is $94.50....too high
100 $89.00....too high
200 $84.50.. okay, but lower better
was $75 bucks a year ago and could happen again.
Remember, you make your money when you buy; you only realize your money when you sell.
A large drop in the dividend due to a major production or pipeline issue will drop price like a rock.
I wait for those events to buy. The best oil deal around is CVRR refineries Master Limited Partnership
if bought $24.50 or lower, put on your radar list. I do not pump stock prices.
Age of a refinery is meaningless since refinery pipping, units, fluid frac towers and catalyst beds
are routinely replaced over the years during annual 'turn arounds'. CVRR returns part of investment
every quarter, plus dividend, plus your share of deductible business costs: you are a partner in the
oil refinery....a big shot!.......lol. Wait for a price drop to buy to maximize yield. If you want low
risk with a diversified closed-end fund, look at FFC, but again wait for price below $18.50 or lower;
a bit high now at $19.63 +/-.