To make sure I wasn't quoting erronious figured... Just went back and checked 4th qtr ER.. Yes COP had $5.1B cash, at YE..Now only $2.7B.. So they burned thru $2.4B cash in 1st qtr? It would take a big set of cahonas, to pay billion of that $2.7B out in dividend!
They payed .73 a shr on 1.23B shrs last qtr... Which would be about $1B... But since last qtr.. Cash has dropped from $5B to $2.7B.. Would they dare let cash drop to $1.7B?? Guess we will find out in about 5 days.. Last qtr they declared divvy 5 days after earnings... If they cut Divvy 50%.. How would stk react?
And when they tell you they beat Estimate! In last week analyst had changed loses from .09 to .19.. Yea they beat that .19 by a penny! But if you used last week est.. They missed by .09..
1st qtr 2014. COP earned $1.81 a shr.. This year lost .18 a shr.. Last qtr debt stayed the same, $22.5B.. But Cash dropped from $5B to $2.7B... Something better change fast! Or COP going to have more problems than they can handle...
I am here trying to figure out what this stk is worth? Seems you must be one of the brilliant ones, running them and getting paid maybe 10X what you are worth.. With borrowed money.. Where were all the profits going when oil was over $100. per brl? And now debt is $22.5B and only $5B cash.. Do you know how long that cash will last? If COP starts losing money? If they don't cut divvy.. And as I think when Iran has sanctions lifted.. We will see price of oil drop back to $50. or lower.. In fact its mind boggling to me, it's going up now?? U.S. has a glut of oil.. China has all their storage facilities full.. And Saudi, producing more oil than anytime in history.. So why is oil going up? With oil now back to about $60.. What will frackers do? $10. per brl, represents one hell of a lot of money.. Ain't Saudi producing about 10M brls per day? That should make average joe happy.. Yea, lets pay Saudi $1B per day, more than oil is worth..'Why shouldn''t they be eating steak and lobster.. When average working joe, eating beanny wennies.. And if you hear someone screaming in grocery store.. Hell no I ain't going to pay these high prices.. It will be me!
I agree with river. Why are you a stockholder if you feel the board is corrupt. Find a company that meets your standards and invest in it.
jrmills: You are embarrassing yourself. Its obvious you have no clue as to just how an oil company operates. You have a lot of work to do if you really want to learn.
Sentiment: Strong Buy
genious, one last thought.. What happened to all the profits, when oil traded for over $100. per brl for yrs?? Now what is going to happen if oil trades for like $50. per brl for yrs// U.S. could lift ban on exporting that glut of oil, they got.. And if sanctions get removed on Iran.. They could be adding several mil. brls to mkt every day.. Tells me chance of oil going down.. Better than going up? If oil goes any higher.. Watch frackers quit shutting down rigs And adding a few...
Fine! But when the music stops! They are paying that divvy. With borrowed money? When the music stops.. Stk holders going to realize.. Officers got rich.. And they holding a pile of sheet.. Check out what officers are paying themselves? Then check out insider transactions brd.. And how they issue themselves hundreds of thousand shrs.. That they turn around and sell making like $20. per shr? Now genious tell me why anybody would buy COP? With $22.5B debt. And $5B cash.. And losing money? Sooner or later? The cows will come home... These SOB would have to talk fast! To get me to buy any at any price.. A Co. with that debt and losing money.. Can't last long..
Yet hasn't had an effect.. Now what will COP do? If they come in with better than a .19 loss? Personally I think if they report a loss.. Stk is selling for about twice, what it's really worth? Not only, they projected to lose money this qtr.. Projected to lose money next qtr.. With $22.56B debt and $5.06B cash? Will they cut that dividend? If you were at helm of COP? What would you do? I know if I were at helm? It may make stk price crash? But the object..Keep the Co. healthy..While reporting loses.. Hold on to all the cash you can.. I'd cut all Execs compensations by 40%.. And then look at whether to pay a divvy? And how much.. In mean time U.S. could lift ban on exporting that glut of oil they are sitting on? By end of June, Iran could have sanctions removed? And adding several millions brls of oil per day to mkt? To let you know how crazy I am.. Oil is up pretty big today? Makes me wonder, if I am a complete idiot?? I think oil should be going down???
You got it right, Baron does have "class envy". He made your point with both his replies to you and me. His comment, "you are one of those fleeceing (fleecing is actually the correct spelling Baron) your employer", ... fleecing, stealing, free stock, no one is worth that kind of money, etc. says it all. Baron is just another individual with an entitlement attitude who feels they have been cheated and others are not deserving.
Baron - There is a simple solution, if you are unhappy with COP, sell it!!!
Hardly class envy. What could Lance possibility contribute to be worth $27.5 a year in compensation. All these excessive executive comp
packages will eventually bring down capitalism. Greed will destroy the system. I for one happen to be an investor but I paid my way and did'nt
receive freebee shares from a corrupt board of directors.
River you miss the point or you are one of those fleeceing your employer. I'm not
against capitalism. The investor should be reaping the benefits more so than those
that are given free stock.
Production dropped, imports increased. Refiners need heavy crude and they import to get it. Shale oil is a light crude that's blended with the heavy crude by the refiners.
For anyone to suggest that someone's compensation should be limited, is an individual who is opposed to capitalism and free markets. I think anybody and everybody is worth anything they have earned whether it be $25K, or $50M+. Whom am I to suggest someone else's worth?!
P.S. Baron you need to stop injecting the entitlement attitude. For goodness sake, this is an investment board.
I tried to post this meesage before but bsomebody doesn't like my post concerning executive compensation
ar Conoco. I'm a small shareholder but I find the comp package for CEO Ryan Lance obscene and a total
irresponsible giveaway o shareholder equity, Nobody is worth $27.5 million in compensation for a year as
Mr. Lance receives in 2014. Obviously the board doesn't have the interest of the owners of Conoco in mind
when giving this award. There are plenty of qualified employees that would perform as good as or better
than our current CEO and for a more reasonable package like $5 million. Believe me there won't be a line
looking to hire Lance at his current comp pkg.
I know the story, well Lance's comp pkg is in line with the industry. Well it's time for some sanity in
ggiving away the cookie jar. Conoco could be the first to bring executive salaries into the real world.
4 Top Exploration and Production Energy Stocks to Buy Ahead of Earnings
Excerpts from article on COP
This top intergrated is a solid growth play, and an outstanding dividend-paying stock. The company has spent the past five years divesting assets, and although it is cash rich, it has somewhat dampened earnings and growth expectations all year long, which could prove just the catalyst that helps it come in above current expectations.
ConocoPhillips is a major global E&P company with operations and activities in 30 countries that include the United States, Canada, United Kingdom, Norway, China, Australia, offshore Timor-Leste, Indonesia, Libya, Nigeria, Algeria, Russia and Qatar. There has also been speculation recently that the company is considering selling some of the North Sea assets it owns, including Aasta Hansteen, Alvheim and Grane fields. That sale could raise as much as $1 billion for the company.
ConocoPhillips investors are paid an outstanding 4.25% dividend. The RBC price target is set at $78, and the consensus target is $75.19. Shares closed Thursday at $68.26. The company reports April 30.
Well, they won't let the link work, jerks ! haha. Anyways, just click on the story, under " Top Stories " on the right of this page. .......... just noticed it was there ! It's a good read.