At these low prices I don't use any stops, I'll ride it out to wherever it goes... But IMO I can't see it going too much lower and if it does I'm buying. I'm nearing my 20k shares that I want to hit.
BBEP is a smart and well organized company, they are geared for this downturn, and will be able to ride out these current low oil prices. The prices can't stay down forever and in a year or two when they do start to recover BBEP will be there to continue reaping the profits.
With a 20k share pot I don't mind the measly 4 cent divy every month ($800). But if the SP and divy get back to where it was a year ago $20/share & 17 cent divy ($3,400 month) will be nice.....
Here's a SA article that popped up on my financial news feed that's interesting for anyone who is already invested or thinking about investing in BBEP.... Keep the SP low for now as I'm still loading..
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