I hate to rain on your parade but you are a dreamer. I ve been following this stock and company for last 10 years ( not short or long) and they have nothing, never did and never will just constant #$%$ what they have in the "pipeline'. All I can see in that pipeline is lots of gas.
Its your own fault for buying this trust at inflated prices just like many others, but at $8.00 this has great return on your money. Who do you think is buying 250000 shares every day ? Smart ones.
I dont know why are they paying out all their profit in dividends it could be from the fact that they own most of the shares and tax advantages. Looking at price history it went down to 19 and I will wait couple ofweeks for better entry price.
Dont worry about your 15%, I have one of my accounts 50% in the fund that pays me $17.000.00/year.
Thank you for your answers but dividend is too good to pass up and if you enter at a good price and hold I think you will make very good gains. Being so thinly traded large blocks would be hard to sell at any time, but I will get in and hold in my retirment account.
There is no model for oil trust, if it was SDR, SDT and ECT would not be at a same price. Two months ago you guys declared ECT dead money and its the good thing that I did not listen to anybody. I entered in just over 7 and got out on Friday with 2 bucks profit P/S.
Same case and point with other two SDR has better divy and longer support for common shares and they are even price wise.
Does it make sense. No, its up to market sentiment to determine price P/S.
I dont deduct divies from my cost, if you do that what is the purpose of holding a stock just to break even? Monday will show us if this is long term correction or just a flash in the pan and if it goes down another 3-4 cents I am selling and sitting on the sidelines until the mood changes.
All depends what is your entry point and your average cost. I intended to hold long term but I came in late and my price is $5.05 and I think if we get a bad week (and I think we will) CFP will go way under 5 and that its better entry point than mine.I sold half on Friday and if it goes down more I will sell on Monday and re enter when the dust settles down.
Time to unload as markets are tanking and NAVs are taking a beating. You can allways get in at a lower price and as I said buy PM funds and REITs are on the way back.
That is not possible. Just spoke to Ian from CFP office and he confirmed that DRIP shares are reinvested at market value. You had a bad dream.
I cant understand your thinking. You are going to sell at $5.29 and its going to open on Monday at $5.21. In order for you strategy to work CFP will have to drop 10 cents in 10 days so that you can start all over. I am keeping mine.