I've been around. I unloaded about half my position in the mid fifties after holding on so many years. So I at least missed part of the gut wrenching drop into the low thirties. Now I am watching the stock recover with great interest. It OUGHT to be much higher than it is now,bui that is what I thought for all of those years since 2009 when I first bought in. If we finally do get that pie in the sky I will be there, albeit at a reduced level.
Almost pulled the trigger yesterday to add to my BBEP position, first laid on at 5.17. Something told me i could add cheaper if I were not in such a rush. Turns out to have been good "internal" advice. But this is a stock with huge upside potential. Where is the "safest" current entrance point? Are we there yet? Any thoughts? I like it for current dividend yield and cap gain potential.
These wells were spudded almost one year ago. Shouldn't we have some definitive results by now? Our stock is in the thirties largely because IOC management is so slow in communicating vital information to its stockholders. If these two wells are successful in any kind of major way shouldn't we know about it so it can be factored into the stock price?
Right at this moment we are seeing BBEP bounce back. Always dangerous to become over confident,of course, but most energy stocks are recovering as well from early weakness. With its excellent distribution yield, BBEP is a stock in which one can afford to be patient. I bought in at 5.17, ten days or so ago, so I am quite pleased with performance so far. If anyone knows of stocks with equal yield and upside potential, I would sure be happy to take a look at them.
I hope these comments don't jinx the stock! I've seen it happen.