So I've held onto GEI, an Albertan pipeline and oil production

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Anonymous
2016-11-09 18:42:49 Post No. 1608234
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Anonymous 2016-11-09 18:42:49 Post No. 1608234 [Report]

So I've held onto GEI, an Albertan pipeline and oil production company, since early 2014 before oil crashed. It went as high as $26 then it went as low as $12.00 last year and recovered to over $18.00 this year then dropped again because of the fires in Alberta in the summer. It also has a 7% dividend.
I did really well on Enbridge because I bought it when oil was at it's lowest.

Should I just cut my losses with GEI and invest in something different, or should I just wait out the oil slump and hope it recovers?

Anonymous 2016-11-09 19:15:58 Post No.1608287
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Anonymous 2016-11-09 19:15:58 Post No.1608287 [Report]

>>1608234
Well, if..
chances that GEI recover x percent > chances that another stock you want to buy increases x percent

I'd stick with it. But don't listen to me, I'm a buy & hold idiot.

Anonymous 2016-11-09 20:34:12 Post No.1608424
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Anonymous 2016-11-09 20:34:12 Post No.1608424 [Report]

>>1608287
The dividend payout will cover my losses in like 5years given the dividend doesn't decrease and the stock doesn't decrease

So in the long run I guess it's a good bet. It's just sad seeing my other holdings do well and this one in the red

Anonymous 2016-11-10 15:33:09 Post No.1609465
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Anonymous 2016-11-10 15:33:09 Post No.1609465 [Report]

Yay trump will approve keystone

Anonymous 2016-11-10 15:38:15 Post No.1609475
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Anonymous 2016-11-10 15:38:15 Post No.1609475 [Report]

>>1609465

this, but the market already knows that. soo...

Anonymous 2016-11-10 16:20:25 Post No.1609527
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Anonymous 2016-11-10 16:20:25 Post No.1609527 [Report]

>>1609475
TRP could increase dividends tho

So I've held onto GEI, an Albertan pipeline and oil production

I'm aware that Imgur.com will stop allowing adult images since 15th of May. I'm taking actions to backup as much data as possible. Read more on this topic here - https://archived.moe/talk/thread/1694/

I'm aware that Imgur.com will stop allowing adult images since 15th of May. I'm taking actions to backup as much data as possible.
Read more on this topic here - https://archived.moe/talk/thread/1694/