If you let anybody talk you into paying $65. for COP stk, on chance you get like $3. in divvies this yr.. You are slow witted.. One year from now COP, won't be selling for over $45. per shr.. I'll make a deal for you.. For ever $65. you send me.. I'll send you .75 every qtr.. Just kidding? But hope you got the point..
Lets put some prospective on, producing more oil (new projects).. Ain't that, what actually caused oil prices to collapse to begin with..Everybody, from OPEC to frackers, selling all the oil they can.. If oil stays at these prices.. COP has money to cover Divvy for 1st qtr... They started 2015 with $5.1B cash.. Now have $2.7B? Projected to lose money this qtr..If they pay out $1B in divvy.. Cash will be about $1.7B and losing money.. Credit Suisse don't bit more know what oil prices are going to do than us? They have said when sanctions against Iran get lifted.. Iran may start producing as much oil as Saudi.. In fact will be fighting for mkt shr..And at these prices all other Opec members need to sell as much oil as they can? If COP declares divvy of .73.. I think they will be acting irresponsible.. To keep stk price up as long as possible.. I think it's actually worth about 1/2 of what it's selling for.. Now if oil goes up $10... Just disregard this post... I sure don't know what oil will do? But nether does CS..
Credit Suisse has estimated the company’s capital spending budget to fall this year, However it also predicts that new projects would add to the company’s cash flows in 2015. Credit Suisse further believes that crude oil prices would stabilize soon and allow the company to cover its 2015 dividend.
I googled nymex crude.. It looks like crude could go to $65. in next several yrs? But even at those prices.. Seems COP would be lucky to be breaking even.. In mean time.. We don't know how much Iran, will be producing.. If and when sanctions get lifted... On Fri. Boone Pickings said they been shutting down wells.. But if oil went to $65.. Those wells would be put back into production...
Mr Mills please take a Midol and take a nap.
In the last week analyst had changed their estimate of COP losing .09 per shr. To losing .19.. COP lost .18 per shr.. So now all we are reading.. COP beat earnings estimate? Depending on what oil prices do? But as what everything looks right now... I think COP is trading for about twice.. What it will be trading at a yr. from now?
What the hell.. Send me $65. I'll send you .73.. Now use your brain.. The ones running these oil Cos.. Are living the good life chopping up your $65, Here is cute part.. They done took so much.. You may get .73 divvy this qtr.. Because they want you to keep paying a rediculas price for stk.. But they will have to borrow "Mo" money by next qr.. If they keep paying 73C per qtr in dividends.. What happened to all the profits when oil was over $100.? Now where is COP headed.. With oil at these prices.. Hey boganle would dance and sing. If you throwed a few bucks into the hat.. When did people get stupid enough to pay the ones running these majors all those millions? They looked brilliant when oil was over $100.. Guess what.. Those brilliant ones, Can not controll the price of oil. I'll tell you who could. If Saudi, Iran + Iraq..Would kiss and make up.. The chances of that happening is slim and none! Makes no sense to me? But seems they hate each other, so much..They will cut their own througt.. If they are cutting the other ones througt? They are hell of lot more serious in their believes, than us! In mean time as Iran is getting back into mix..Saudi saying, #$%$. and all other OPEC members/ Saudi is producing more oil, than anytime in history.. Why? Cause they can't stand the tought of Iran or Iraq taking any of their mkt shr..
Big losses sustained on COP, steer clear. Try the guys over at Ultimate Stock Alerts (search Google for them), they helped me find a better play
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I don't need to read financial statement to figure out. Cash would fall to about $1.7B if they pay out $1B in divvy.. And they burned thru $2.4B cash last qtr.. And the fact.. No one knows what oil prices will do.. Boone Pickens. Yesterday: Said he had been shutting down wells, since oil dropped below $50.. At $65. he would, put them back to operating.. At what price will some of the rigs the frackers, been shutting down, be getting fired back up?
Hey, I sure haven't figured it out.. But if I had to make the discision.. I would cut it at least 50%.. When they are cutting capex.. There are consequences.. If you want to cancel a contract to drill.. There are cancellation charges.... Actually I guess it gets down to.. What your conviction on what price of oil is going to do.. I think its going back down to $50. or lower? Hey COP is getting killed with lower oil prices.. Projected to lose money this qtr? XOM is doing fine.. Not only paying nice divvy.. Just declared extra divvy.. And also buying back stk.. Why would any one want to own COP? When they could own XOM? COP does have cash to pay divvy this qtr.. But results from this qtr.. If they continue paying .73 divvy? By next qtr.. It will be getting payed with borrowed money..
igur, I just started studying the Major oil Cos. But usually earnings est by analyst, don't go up or down, weekly.. My thinking? Ever who communcates with analyst told them they were going to lose more than .09 per shr. Move est. of losses to 19 cent per shr.. What the hell.. We are working with a bunch of idiots.. All they want to hear.. We beat analyst Estimate..When a stk that earned $1.81 a shr, last yr, in 1st qtr.. Come in with a .18 per shr loss this qtr.. Why didn't stk price crash? Let those slick SOB on Wall St. keep surporting it? They will learn! On a good day! It ain't worth over $25.-$30. per shr!! That's all I got to say about this! Bubba, just sit back and watch! Don't cost a penny to watch!!!
COP couldn’t be more shamefully low if it tried; what a terrible play! I managed to salvage something by playing Ultimate Stock Alerts (you can find them in Google)
You ARE aware that earnings estimates go Up and Down on a weekly basis. What was reported is spot on and absolutely accurate!
Sentiment: Strong Buy
Read the financial statements! Maybe, you will understand! Then again, maybe not!
Sentiment: Strong Buy
You are WAY off base and wrong. You are embarrassing yourself. Do some DD on COP! Please!
Sentiment: Strong Buy