I picked this stock to start a small position and let it drip for growth. Don't know that much about it just found it a couple of months ago because of the high dividend. Right now the div is a little too high so puts the stock in a higher risk category. They did reduce it last year so I though it might now be stable since the stock is in a recovery mode.
If the stock price starts to go back down I think the div would most likely take another hair cut as well. I also don't want oil to go much over 50 because of Putin and I know that could hurt short term as well. Long term though oil will recover and all should be fine.
The stock needs to be trading in the 6-9 dollar range to keep the dividend intact and adjust to a more realistic figure to lower the risk factor. All in all I think it is worth a shot myself. I didn't follow it when it was trading at it's lows and if I had your position I would of done the same. Your 3000 shares now should have almost a zero cost basis so you're all good to go to let it ride!
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