Key insights
- The author discusses a trading strategy for Energean (ENOG), a gas company operating off the coast of Israel. The strategy involves buying the stock during periods of geopolitical instability (specifically, during conflicts involving Israel) when the price dips, and selling after the stock recovers. The author highlights the company's high dividend yield and notes insider buying activity during times of conflict.
This is a stock I've bought a few times on dips, held until they are good again, and then sold. Generally, for around 6-9 months.
They're a gas company that is based off the coast of Israel. Generally with a high dividend yield. Any time war kicks off involving Israel, everyone s***s the bed and dumps the stock. When peace happens, the stock takes time to recover. You can also see insider buying at this time.
Currently has dividend yield of 10.8%. Stock is about as low as it's been for 4 years. I'll be tracking insider buying and what happens with this war, and buy some when it's about done. They had to suspend operations because of risk of war, but are back in operation. Hopefully I'll get it at around 800p/share and sell for close to 975, collecting dividends as it takes time to recover.