Bought more Provident
January 11th, 2007 by Grant in: Retirement, Stock ThoughtsToday I bought more shares of Provident Energy Trust (PVX: chart) in my Roth IRA. Some gurus that I’ve talked to suggest that oil is going to $45 per barrel, and natural gas is going to $2 per MCF.
Others still think crude oil ($wtic: chart) could go to $100 by the end of the year, and natty gas ($natgas: chart) could rise to $15.
I think they’re both wrong.
I think natural gas will be more volatile than oil, as it’s all home grown and consumed. Oil, on the other hand, has so many outside influences driving the price, that the likelihood of stability far outweighs sporadic spikes and dips.
Anyway, I like the stability of Provident’s dividend, which is why I bought some more at $10.15 per share.
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January 11th, 2007 at 9:59 pm
Cool. Play the dips on solid dividends
what do you think about canandas tax policy?