You want a sell off and bad news. You want a crushing down day. You want blood in the streets with TICC---then you buy. Even if they cut the dividend in half at this point---that would be very drastic and not probable----you still have an 8% payout. Let's see what they report. I can get greedy here right now. Still hoping for $5 chuck.
What you miss short term is OPEC is pumping nonstop and crushing small to medium domestic producers an drillers like this one. Every month the supply exceeds the demand means more bad to this company. BK? Possible, not probable. No way any of these like companies making any money.
The oil industry, however so defined, is going to take a big drop when the market corrects---this coming market correction is the most publicized one of all times. Plus oil and NG are not out of the woods. OPEC is till pumping madly and North American producers are losing supply and money. I say let the market correct and you can pick up stocks cheaper IMHO
Every mother and her son say a market correction is soon. I say buy when the market corrects. At the astronomical payout of TICC, even half that would be great for the future.
TICC is down and there has to be an end. This is not a bad company with bad signs like, shrinking market share, heavy debt, corrupt officials or large financial losses. Perfect storm to buy would be a market correction and a dividend decrease on the same day. Can you say $5? I am long here and dang ready to cost average down.
before we nominate you up there with Warren, understand that PBR and Brazil especially, are not in any way on easy street. If PBR relies on domestic consumption as many of you claim, please note the interest rate change in Brazil and the economy. Yea PBR is doing great...so far, but don;t count your money while you are sitting at the table (thanks Kenny R for the words)
That was a joke post, right? Otherwise it was a post from a person who is not educated, hates school and lives in blissful ignorance.
I do know it will crash if Greece cannot meet debt payments. That is as sure as little green apples.
for the longs to come out swinging and bashing. Guys, relax, you can always take some money off the table. You are all ahead. if you think PBR is on a rocket ship to the stars with no stops you are obviously wrong.
Ok your 30 minute smoke break is over, yea I know lunch in 10 minutes for 2 hours and you want what when you retire next year at 55 with full pay?
Elections are coming up in Spain and the ruling parties are having a tough go of it. Parties of the far left and right making gains. Any talk by these winning parties of "reforming" the banking system in Spain to help the "people" will send the PPS pf SAN in a nosedive. Let's see what elections bring. You've been notified.
I get several different numbers on how much crude is still there. One said no amount by said ten years, another eight years and so forth. So what is the best guess the life of the reserve?
I wish you conservatives would learn what Communism is. You are all intellectually lazy and ignorant. I f you don;t like something (anything liberal) just call it Communist or/and socialist. if you don;t like the colored guy call him a Kenyon? Yes, PBR has a lot of debt. they make enough money to cover the debt. Green revolution is till a decade away. The government of Brazil backstops the company of PBR. It will not go BK.