Shares closed up about 2%. Nice for traders or others selling (or exercising options!). Other investors living on divi's would probably rather have more dividends to "be happy".
they raise the buy back and the shares jump 3.5%. Be happy with that. Dividends will come; but the fact these shares aren't watered down adds tons of value.
I'd vote for that but I suspect the next increase may be a bit more modest….say 15% or $.45/Q …perhaps in August after 2 more quarters at $.39 (3 q's total). I hope your right though.
Nothing wrong with watching CNBC. Just don't make it the ONLY source of your information. They have opinions like everyone else. Just be sure you do your own DD.
Future prices for Brent show markets are expecting a price fall in 2014, which Daniel Lacalle, senior portfolio manager at Ecofin, agrees with. He told CNBC that the Middle East premium is going to gradually recede and prices will fall.
Falling energy prices are always very good for the economy....the biggest stimulus in the U.S. has not been QE (quantitative easing), it's been the falling energy prices, he told CNBC Wednesday.
OPEC's negotiations come at a time when the U.S. is undergoing a revolution in shale gas and oil. The IEA has predicted that the U.S. will surpass Russia and Saudi Arabia as the world's top oil producer by 2015, and be close to energy self-sufficiency in the next two decades. OPEC, therefore, are expected to be ready to cut the production of oil at some point in the next few years as the U.S. ramps up its efforts.
I too own a NG play and this entity has tried to murder it too. I wrote them and they threatened me via a lawsuit of character assassination. No BS. I laughed at them. Their one analyst claims to be an ex investment banker where as there is absolutely NO listing of him anywhere.
Agree. Iran will be pushing out over 4MB per day. Will Iraq follow? Yep. And our oil shale finds will also bode well for energy consumers.
somebody bought about 23K Jan $72.50 options a couple of months ago at a price of around 0.55 cents. So, their breakeven by January expiration would be $73.05. That same somebody, as of a few days ago, was largely still in their position despite the option price rising to about $2.00. So, they should've gotten out on Monday, if they didn't think PSX' share price would exceed $74.50 by expiration. There was "significant" trading recently, but that amounted to about 4K or 5K of contracts. So, the entity that bought the 23K shares, are still largely still in that position as of today.