Good morning, I have owned Penn West since 1999. It is down to almost a third of the price it was at its peak in 2006. They have also decreased their dividend from 34 cents to 9 cents during that time. Do you think I should hang on awhile longer or sell and take [...]
If you were to be a buyer at these levels you would be swimming against a strong tide. I would say that patience would be the better part of valor.
With all the good news already baked in to the stock you would be well advised to be patient for a while longer.
Monitor the MACD and RSI for signals that the momentum has shifted and investors are willing to step up to the plate with a buy order.
Lou, Do you see any chance of a reversal in this beaten down stock. They are getting close to 2,000,000 ozs. of gold production. The market seems to care less. Thanks Tom Hey Tom, This will be the fourth time I have examined the case for Kinross Gold Corp. (K TSX) since July12, [...]
The lower resource estimate reported on November 10, 2011 is already baked into the mix so we might just be at a point where all the bad news is out.
Hi Lou, I recently purchased Western Energy…..WRG after hearing good things about the stock on television. I understand that the people behind the stock were with Precision Drilling, they have top notch drilling equipment and labour and are operating close to capacity. It all sounded so good and the recent earnings are healthy. The stock is falling [...]
