CNQ, Suncor, Imperial all up big time. In the US, Chevron, Exxon Up as well with Halliburton up almost 10% as well.
So the article is just coincidence but good news as well.
So the article is just coincidence but good news as well.
Jul 21st, 2020 1:01 pm
Jul 22nd, 2020 7:51 pm
Jul 23rd, 2020 8:49 am
Jul 31st, 2020 1:46 pm
Jul 31st, 2020 3:43 pm
Jul 31st, 2020 5:54 pm
Jul 31st, 2020 9:57 pm
Aug 4th, 2020 10:01 am
* It broke out higher on the 15 min chart, https://invst.ly/rob3pMrMom wrote: ↑ I didn't start TRP here nor here so a couple of dollars higher must be the right price https://invst.ly/rn21r
Earnings were out yesterday, https://www.tcenergy.com/announcements/ ... l-results/
Update
Rinse and repeat or does it breakout? https://invst.ly/rn3bc
Aug 10th, 2020 8:41 am
Aug 14th, 2020 2:17 pm
Aug 26th, 2020 11:38 am
Aug 26th, 2020 1:14 pm
Aug 27th, 2020 11:13 am
Aug 27th, 2020 12:47 pm
I think they're eventually going to cut the dividend like the European majors oil companies did. I'm starting to believe that were in an era of an over abundance of oil. As soon as prices go up shale producers ramp up production which then keeps prices low. A different issue is you also have a lot of institutional investors pulling out the sector.Blubbs wrote: ↑ Anyone liking XOM at this point? I heard a rumour they are laying off 40% of head office staff, and they already suspended 401k matching. Doing a lot to rein in expenses in many areas.
It's at an over 50% discount and 8.5% dividend yield. Still a very fiscally responsible supermajor overall, despite a few screwups in recent years. It seems like full lockdowns are over from a demand perspective.
https://seekingalpha.com/article/436969 ... retirementAn RBC analyst recently posted a note that highlighted the fact that XOM's cash flows do not cover its dividend. Instead, the company is essentially forced to raise debt to maintain its dividend aristocrat status. XOM bulls will argue that this is a short-term phenomenon; however, when I look at the deterioration of XOM's balance sheet over the last 5 years or so, the trend looks rather systemic to me.
Earlier in the year, I wrote an article saying that I thought XOM would be forced to cut its dividend. Thus far, that thesis hasn't proven correct. But, XOM's cash pile is dwindling and the company's long-term debt is nearing $50b. XOM's long-term debt was only $18.7b or so in 2015, meaning that the leverage on the company's balance sheet has more than doubled during the last 5 years. This debt increase comes during a period of time when net income and cash flows have been slashed as well. Eventually, this rising debt load will weigh too heavily on this well-known name.
Aug 27th, 2020 4:25 pm
Aug 27th, 2020 5:03 pm
Yeah, I saw that thanks though. I guess the dividend sustainability will depend on the success of the huge sweeping cost cutting program they are doing. I think they need a better vision for the future but at the same time I feel like their cost cutting is going to be highly successful.Chance7652 wrote: ↑ I think they're eventually going to cut the dividend like the European majors oil companies did. I'm starting to believe that were in an era of an over abundance of oil. As soon as prices go up shale producers ramp up production which then keeps prices low. A different issue is you also have a lot of institutional investors pulling out the sector.
I think this article is pretty good at presenting the bear case for oil/xom.
https://seekingalpha.com/article/436969 ... retirement
Aug 27th, 2020 9:17 pm
I'm unlikely to invest in another E&P energy company after taking losses in 2016. I'm getting more bearish on the sector but I still long with ENB with a 2x position.Blubbs wrote: ↑ Yeah, I saw that thanks though. I guess the dividend sustainability will depend on the success of the huge sweeping cost cutting program they are doing. I think they need a better vision for the future but at the same time I feel like their cost cutting is going to be highly successful.
Aug 31st, 2020 9:47 am
Aug 31st, 2020 4:51 pm
Aug 31st, 2020 5:26 pm
There is currently 1 user viewing this thread. (0 members and 1 guest)