Eight Stocks Going Ex-Dividend in October [View article]
Bought HTE, along with a few other Canadian oil trusts --- PGH, PWE, BTE. To be safe, I mixed them with a basket of American counterparts --- HGT, LINE, PBT, and ATN. The American stocks were all big winners so far, less so for the Canadians. I'm not sure what will happen with the Canadian stocks, but I do believe that natural gas will play a big role in the energy policiy of the USA no matter who wins the election.
I also picked up some of the beaten down dry bulk and tanker names --- OCNF, PRGN, SBLK, and FRO. China and India are going to come back to the market, sooner than later. These are spec stocks, but man do they pay high dividends. The Baltic Index has been slaughtered and the stocks have followed. If China comes back, the Index should rise and take these stocks with them. The credit crunch should also be a positive factor here --- many of the ships that were going to be built or purchased were delayed or canceled. That means higher or stable charter rates if the Index rises and a potential for M&A in the space at these prices.
I'm either very wrong or I'm going to be very happy with this basket.
Eight Stocks Going Ex-Dividend in October [View article]
I also picked up some of the beaten down dry bulk and tanker names --- OCNF, PRGN, SBLK, and FRO. China and India are going to come back to the market, sooner than later. These are spec stocks, but man do they pay high dividends. The Baltic Index has been slaughtered and the stocks have followed. If China comes back, the Index should rise and take these stocks with them. The credit crunch should also be a positive factor here --- many of the ships that were going to be built or purchased were delayed or canceled. That means higher or stable charter rates if the Index rises and a potential for M&A in the space at these prices.
I'm either very wrong or I'm going to be very happy with this basket.