Macquarie analyst downgrades Exxon Mobil
Macquarie analyst lowers rating for Exxon Mobil to "Neutral," says shares may be close to peak
NEW YORK (AP) -- Macquarie Equities Research downgraded Exxon Mobil because it doesn't believe shares have much more room to move to the upside. Shares are nearing an all-time high after rising 6 percent over the past month.
CARACAS (Reuters) - Venezuela's government and state oil company PDVSA are in urgent talks over a long-expected $6 billion in loans from China and U.S. energy giant Chevron that would help relieve the nation's strained finances, sources close to the discussions said.
Oil Minister Rafael Ramirez said this week that PDVSA had no plans to issue any more dollar-denominated bonds, confounding widespread speculation that one was planned to address a chronic shortage of dollars for local businesses.
That has left the government in the OPEC member seeking other forms of financing, amid pressure to order a devaluation of its currency that would ease the pressure on its cash flow by providing more bolivars for every dollar of oil sales.
I'll take the divy thank you and hold my 1000 shares. ". . . declared a cash dividend of 57 cents per share on the Common Stock, payable on March 11, 2013 to shareholders of record of Common Stock at the close of business on February 11, 2013."
I agree with you. I will hang on to all of my shares and reinvest the dividens. When the people who sell them, will be setting in a corner, asking themself, why did I sell and whd did I, listened to all the spammers. TO SELL.