Duke Energy Spinoff

[CountryBoy]

Duke Energy cut dividends and spunoff Spectra Energy, which I received shares of. Now the question I have, Duke stock price has dropped almost in half from when I first bought it. Should I by more shares of Duke? Or just go ahead and purchase some BP like I was planning.

This is my first spinoff/split, so I'm really not sure what to do. I'm leaning toward buying more Duke.

Thanks,
Rus

 

[Birchtree]

Buy more Duke. Do you know how much recreational lake property these guys own? It's a great company - and I may buy more myself at the end of the month.

 

[CountryBoy]

Thanks Birch,

I appreciate your advice, and will probably go ahead with the Duke buy and put off BP for a few weeks.

Rus

Edit: Yeah We drive down thru Duke country when we go south, lotta lakes.