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Chesapeake Granite Wash Trust Message Board

iamtoddicus 2 posts  |  Last Activity: Sep 4, 2014 12:03 AM Member since: Feb 18, 2011
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    Okay everyone, lets calm down

    by twomovehigher Sep 3, 2014 9:11 PM
    iamtoddicus iamtoddicus Sep 4, 2014 12:03 AM Flag

    TMH, Nice post. I am a small fry and got in at $22.90 (300 shares for my 401k). I did some homework. I see the company as viable. Even when they do a rig refurb, that will mean years of active service later, and even if the div drops (I figure .85 is safe), when the cash flow retrns, the div will too. I bought as a div investor, long haul. As an example, I bought 600 shares PER 4 years ago. The stock has dropped, but I am even in divs, and I still feel oil will come back and drive these stocks back up, it may just take patience. I don't panic. Oil stocks are prone to heavy ups and downs. They are like women. Sometimes, they are all over you, and sometimes they want nothing to do with you. C'est La Vie. Life is too short for me to panic, and I cannot take it with me.

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