tvs, nothings safe in this Capitol is king environment of survival of the fittest, oil will bounce back, its all about how long low crude oil prices go & last, nobody really knows, & remember no guts no glory pal!
Their projected cash dividend payout for coming year is $3.6 billion ($2.92/sh). The payout ratio is 37%. Their trailing 12 mo. earnings was $7.54.
Even if earnings are cut in 1/2 they can cover the dividend. They won't cut the dividend since they just raised it.
This oil price will not stay down here very long. By this time next year this will all be a fading memory. COP is much more of a buy than sell here. The dividend is good. I predict (for what it's worth) there's a 90% chance the dividend stays right where it is. I've owned it since the high $40s....dripping dividends all along. I'm not happy with the price but I think I own a good, safe long term investment.
Yeah. I have done that. It works for a while until it doesn't and you get caught on the wrong side of a trade. Make sure COP is a stock you want to own long term when the games stop.
Well....then I will be buying more because I am pretty sure oil is not going to zero. Every $5 this and RDS-B drop, I buy another block of shares. Did it in the last run down in December, bought cop at $66 and $63, then sold a few days ago at $70.50. Time to reload.
Just looked, THAT'S A P/E OF 28 (TWENTY EIGHT) ! Q1 2015 est is .74 SEVENTY FOUR CENTS down from $1.81 This is a trainwreck
I sold some at 78 and some at 74, I only had 300 shares. I fear analists downgrades and anyone thinking it's a p/e of 8 is wrong, dead wrong b/c nobody knows what the "E" is now.
Don't feel too sorry for 401-K crowd, they will collect sweet dividends during this temporary price war.
One needs to look back at the earnings of the majors when oil was $30 - $40 - $50.
Yes, the majors will cut back capital spending on new projects with a machete.
The game is now one of preserving margins instead of top line growth.
Cheap oil comes out, expensive stuff stays in the ground.
Don't be surprised if you see majors increase dividend payouts with their 4Q reports.
Not a trader here. If I were, then yes I would be a bit ticked off.
I average about $20,000 (liberal rounding) in dividends per month.
All of it is going into major oils.
They already cut capex at $60 oil. I don't mean to be down on COP,I just think it is totally unrealistic to think oil can continue to drop and dividends ( which should reflect PROFITS ) can completely be left intact. I doubt they will cut it completely out but it is reasonable to expect a reduction to maintain 3 to 4 % of share price .
COP is an awesome company and I made a lot of money on it in 2014 by selling my long position. I want to buy it again, and I agree that it is still too high. COP, VX, MRO, OXY all have room to drop much further but will come back one day. Just not any day soon.
Patience is in order here.....I have plenty of cash to add in the mid to upper 50's......Definitely a long term holder and oil will eventually rise in PPB.....patience.....