From the information available at this time it would be best to wait for the release of Q4 results to ascertain if HSE has the strength to break above resistance.
Currently the trend is up and the units are holding support. In the current environment for income generating investments that’s about as good as it gets.
I like the story but what is needed is a convincing move to the upside. If the shares can make a move through $6.00 it has little resistance back to $8.00.
At this point I have to maintain my stance that the risks outweigh the opportunity.
If you are going to buy MTL with a portion of the your GIC assets I would wait until the MACD generates a buy signal before jumping in
With the bottom in, the resolution of the debt issues that were casting a pall on the shares, the emergence of a new uptrend, and takeovers in the sector, PBN is a buy.
Currently I would look for a bounce off of $22.00 and some buying to come into the shares during the period of seasonal strength for energy shares.
