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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: fmikehugo who wrote (111997)10/16/2008 12:45:03 PM
From: wherry  Read Replies (1) of 206145
 
Interesting choices. I bought Husky Energy today (HSE on Toronto), since it has very little debt, pays a good dividend, and is trading at a five year low. Dividend will be cut if energy prices stay very low, but that is already baked into the current price.

May well not be a bottom, but I will probably be happy enough in a year or two. I am keeping my buys within cash on hand levels. This ensures that I spread them over some time, and gives me the chance to diversify a bit since different companies are good buys at different times.

Tony.
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