Also, Area51, fwiw, in oil service Canroys I am holding some PDS (I cut back position though with losses), and EEYUF.pk (Essential Energy ESN-UN.to, discussed here before). On that latter, I am CALCULATING an annualized yield (after 15% Canadian holding) of about 16.6%. Whether or not stockholders will actually SEE such a yield I do not know. (Annualizing from latest month's dividend is dangerous.) I suspect as gas prices drop, drilling drops, companies' earnings fall, dividends will drop, gas inventory drops... and the cycle continues... good demand vs. small supply, increase in gas prices, increase demand for drilling/support equip., increase in these companies' earnings projections and eventually in stock price (I hope). Supply/demand being kind of a self-leveling thing.
Right now in the cycle, I am suspecting products/services of Essential Energy (and others related) may not be as essential as I was believing when I entered my position (at higher prices than currently) :>/ |
