Q: This holding has been a disappointment for me. I bought it when oil prices (west texas) were in the seventy dollar range and it dropped even as oil prices spiked into the eighties. Would you dump and move on? It's in a TFSA account.
5i Research Answer:
GXE is small and could see tax loss selling still. But, it is cheap, still paying its dividend, and, more important, is still under a strategic review of the company. There are still risks, but with a possible sale of the company we think it can be given a bit more time.