i not in agreement here. as a long term investor i want to see progress toward higher share price, but also want to see continued sales and execution success. they need cash to be able to bid and win risk projects, and to tolerate less than linear cash flow timelines on big projects. Its a strategic advantage. We want them being able to win really bid , lucrative projects, and having the financial strength to pull that off is important especially in Mid East and Asia. Buying back shares does nothing to further future project wins and success.
What would i look for as I'm worried this is another situation where the dividend is about to be sacked?? Wouldn't have bought at 10% yield, as it implies more risk than i care to take. Long term holder.
Nor does it do any good to complain to their clients about the contract disputes, when its those same clients that they need to get work from again and again. Best management can do is stick to business with deaf ears to the press, and get the most revenue possible out of every existing contract. And don't give away future margin to gain market share when the competition is weak anyway. A strong order book, and a stronger balance sheet will silence the doubts eventually. Its that long term weighing of value you have to wait for , this short term popularity contest is annoying. Long term Bull.
TSO is in the sweet spot of retail margins. West Coast margins are holding at 10-15$/bbl above rest of US. HFC is another locally favored name in the space.
i compare the trends for income and revenue CBI vs. FLR/JEC and its a different world. CBI is doing well in a bad neighborhood. Yet the short interest indicates that the street is not acting on the reality of the sales and margin trends. This will correct. And a short covering wave or two will help get it there.
the expected 2105 earnings estimate has increased by 25% in the past 3 months. So the stock should dive??
good for you. Ive made money buying calls over the past couple of months. been out for awhile, but back in today. its a no brainer that this stock appreciates in some more normal market environment. the driving force for profitability ( low US natgas price) isn't changing. Sales vol is going to rise dramatically in next 6-12 months.
a stock with a company that is making this much money, will have to appreciate in some future market environment. just hang on.
no way. there is soooo little downside risk, compared to the huge upside. They are printing money as we speak. The next earnings report is nearly in the bag, and its the best ever. West Coast margins are shrinking but from a huge number. Gas demand remains strong, and no sign of Added capacity in the TSO refining or marketing area. its just a matter of time. as soon as the S&P steadies and stops crashing, TSO will start its long steep climb to price the stock around 8-9 times earnings.
Earnings projections leaving the station. at $12 for year now, on way to $15. That will take us to at least 125, and someday, a PE above 10.
not to get to work they are not. the only fossil fuel impacted by solar is Coal. and its problems are mostly related to either State intervention or low price of Nat Gas.
Yes, looks viable. the cash flow from the refineries is a nice plus. They need a plan for the road back. They can only spend so fast on expansion of oil sands, and they will have a couple of years where the cash flow will mushroom as oil makes its way back into the 60-70 range. The next couple of expansion phases continue in construction and i expect will be steamed when ready. I hope they can snag some really good , high yield, low OpEx property from the dead and dying over the next couple of years. A couple hundred million loonies ought to buy out Encana. Wouldn't that be a story??
yeah, thats what my broker said about Canadian Oil stocks, then they eliminate their divvy? How can you rely on the repeated statements from management about future dividends, when business conditions can change outside their control. This sucks. I just need my 6%, but have to take huge risks to get it.
the 4 week average of gasoline sales is up 6% over the same period last year. What industry wouldn't kill for that kind of demand growth. Our own energy department continues to project 2% growth. And they continue to build out export facilities on the Gulf Coast. Look for Fall maintenance to remove more capacity than the seasonal drop in summer driving demand. Inventories hold steady thru the fall/winter instead of rising, and mogas margins stay very positive this winter instead of going negative. Wall St. finally sees Refiners as predictable EBITA machines and increases projected PE ratios from mid single digits up to the 10-12 range. VLO hits 100 by Spring next year. Watch and Learn.
At $47/bbl gas cracks, they can buy just about anybody they want. Going to finish paying off the BP plant with another quarter or two of these margins.