If it gets down to $50.00, I still have some dry powder to average down. Am down about 14% with RD right now., but not in a panic. If it stays down until they pay the dividend, we get more shares.
I remember years ago, when Shell had to borrow money to pay the dividend, but they still paid it. Have been dealing with Shell stock over 40 years, and have never lost a penny. Just remember, don't bet with scared money. If you wait long enough the price you paid will come back, plus you have been collecting the dividend.
I hope you are right. I have purchased a little also in the $55 range, helped with my dollar cost averaging. Now just waiting on the dividend.