Hey quiana-svte-bars-qo-6585 ... "FRNG..." ehhh ?!?
2. Do you break laws in daily life as well ?
3. Please explain to our PSX Board ... what a "hug run" is.
4. Your oddball handle ... indicates a SPAMMER. How many times has Yahoo terminated your
prior ID's ?? Please advise. Thank you.
Hey edel-mira-gouras-mqn ... "PSX about to double...I'm Buying," ehhh ?!?
2. Do you break laws in daily life as well ?!?
3. Phillips is ... "about to double" you crow. In what time frame...or LIE frame do you write?
4. Please advise. Thank you ... then ... Get Lost ! ! Flagged as abuse.
Funny, I sold all my COP, several thousand shares, and put it into PSX. The reason for this is that COP has been active in hedging crude, so they continue to sell oil at prices 3 or 4 or even 6 months ago's prices. Their earnings will reflect this. And they have been hedging recently at the recent prices. So, if you connect the dots, they will have surprisingly high earnings this quarter, but look out over the horizon, they're about to get creamed. I'm for sure not going to be holding the bag. It may turn out in the longer term they are still both good picks.
I was uncomfortable with the trading action on PSX over the last three weeks. Seemed to lag even when the other refiners and market in general was surging. Coming into earnings it made me a little wary. I sold all of my 16,000 shares and bought COP. Oil is on the recovery track and I think the refiners may (in the short term) get battered by the increasing commodity prices. Still very positive PSX long term.
It is in too many ETF's with oil & gas producers. There are problems in the DCP midstream joint venture with Spectra (SE) due to NGL commodity prices. As far as I know the partners have not agreed on a fix.
heavy maintenance in their refineries. quarter may not bee very good. company still is a great stock.
Doesn't seem to be logical motion on PSX lately. I'm long on the stock, but still monitor of course. Despite other refiners being up, PSX stays down. On days the market is up triple digit, it either stays red or barely eeks out a gain. Been going on for a couple weeks. Earnings on April 30. Does somebody know something us regular traders don't?
here is 10 bucks buy me a ton...lol
PSID stands apart as a model biotech after confirming fourth patent for molecular testing device. Can it rally beyond 30 cents though?
i sure like the price action here. looks like all refining company earnings estimates have been on the rise. i expect some blowout numbers, and with PE multiples already below 10, the stocks could have quite a ride over the next month.
In December the CEO indicated a couple of years of double digit dividend increases, so my bet would be 10%, or a nickel per quarter.
Not speculation. PSX has finally operated long enough to have figured out what kind of dividend they want to pay as a percent of earnings (not cash flow which is substantially higher). Since refining still represents about 40% of earnings they need to be prudent because refining is a commodity business and not reliable quarter to quarter. They have also paid 50 cents per share for 4 straight quarters so it looks like we are in a yearly cycle with the second quarter being the time that increase would be considered. They have talked about being shareholder friendly by paying dividends plus buying back shares and not just for management options. Actually reducing the count if it makes sense. Since they continue to buy back shares then management and the board does not think the company is fully valued based on future earnings and cash flow.
My guess is that PSX will announce an increase on the 6th of May, which is the Wednesday in the 1st full week of May. It must have something to do when they have their board meeting. The 1st two years of operations as a separate company saw that as the day when the announcement was made. The x-dividend date is about a week later with the payout as the 1st Monday in June.
Should be a minimum of 2 cents more per quarter or 52 cents. This would put the yearly amount at 30% of earnings. All the other increases were to get the company to that point. With all the JV's and businesses it took them awhile to get comfortable with 30% of earnings. Right now other refiners on average offer a 2% dividend based on stock price. Valero is a lot higher 2.6%. So we they may also take this into consideration.