I bought 5000 shares if this stock at $11.90 when oil was in the $45 range. It pays $510/mo in dividends while I wait for oil prices to rise. I am looking for an exit time or exit dollar level to cash in. My plans are to reinvest late next winter when prices are again low on demand. Any recommendations.
I have thought of holding it, reinvest the dividends and wait for the Saudis to cut production and oil prices to soar.
I have thought of holding it, reinvest the dividends and wait for the Saudis to cut production and oil prices to soar.