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Strategies & Market Trends : Speculating in Takeover Targets
ULBI 7.040+2.3%3:59 PM EST

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To: E_K_S who wrote (5660)11/26/2019 5:33:42 PM
From: E_K_S  Read Replies (1) of 7242
 
Had to add another chunk of ECA at $3.95/share. Closed out my WOPEY an Australian NG company. ECA appears to be a better value, BV @ $7.64/share w/ debt that is reasonable based on proven reserves. Dividend less than WOPEY but I think ECA has a better upside and may/could be a takeover candidate for a larger integrated Oil company that may need more exposure to NG.

Not sure I will swing trade this, hold it long term but I do like the their exposure to NG (pretty much in Canada and also owns/operate NG storage assets too).

less than 1/2% portfolio position and may/could built this into a 1.5% portfolio position in the future.

EKS
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