Q: Hi Peter and Staff
Like many who added once it hit your portfolio,disappointed in the share price drop lately and now a dividend cut. I am hanging onto my oil producers and service companies,right or wrong in general wanting to be there for the bounce whenever it comes....Based on past comments about their cash position and company comment about M&A ,my thoughts would be to hang on to this one as well despite dividend cut as its chances for a bounce should be as good as others that pay a dividend like FRD,CFW,BDI,PHX,TDG and PD.....would you agree it is worth a hold if no rush?
Thanks for all you do
Dennis
Like many who added once it hit your portfolio,disappointed in the share price drop lately and now a dividend cut. I am hanging onto my oil producers and service companies,right or wrong in general wanting to be there for the bounce whenever it comes....Based on past comments about their cash position and company comment about M&A ,my thoughts would be to hang on to this one as well despite dividend cut as its chances for a bounce should be as good as others that pay a dividend like FRD,CFW,BDI,PHX,TDG and PD.....would you agree it is worth a hold if no rush?
Thanks for all you do
Dennis