If I'm going to hold might as well add a little.. Hoping the $12 PPS ceiling will be hit by what ever means so I can get out with a decent LOSS.. since it's year end garbage selling season I'll have another bid in the $8's.. I'm kinda relying on Dan M.'s valuation and SDR's obligations not being completed as with SDT. PER? won't stop dropping also.. Lesson learned to stay away from these derivatives created by unworthy/inept leadership looking out for their own interest.. Was better off with an Oil ETF or an XOM rather than investing with TW.. The only thing that may save my investment with SD is what TPG promised an out right sale.. anything above $8 will do ..
Hold on, collect your dividends! Isn't that the reason you bought SDR? Why do you believe this oil development will not be successful, or are you overwhelmed because you are under water at current market value?
Probably nothing has changed in the development itself, only the momentary emotional market value of the security . Seems to me that revenues are up, dividends being paid. Just my take on it..
"Why do you believe this oil development will not be successful"
Will not be? Kinda past tense.. It's already proven it's not successful.. Dividends? The distributions in this toxic instrument gives you massive negative returns in the long term.. It's already proven.. that being said in the short term there could be a bounce since it may be oversold; however, in the long run it's a depleting asset.. My strategy is to buy at these lower levels and hope for some improvements in the next filing while some investors possibly like yourself chase this yield. I doubt that from my Yahoo posts alone I'm letting the cat out of the bag. Even at these life time low levels I'm still taking a huge risk.. Doing the same with PER... completely sold SDT for a loss..GL!
Why is it a lost cause when more wells must be drilled and the results of those yet to be drilled are not known? Seems to me that every oil trust will deplete over time, that's the nature of the beast . . . until fracking!.
vcan ,this is the problem with these trusts. You get burned once or twice and then you think they are due for a bounce, but you don't trust it. Then the bounce comes and you buy and all those that finally break even sell and its back down you go. I am even tempted at these prices but the better way to play may be to buy calls (to limit your capital exposure) or to sell out of the money puts.