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CapitalSource Inc. Message Board

cantgthrtondirt 7 posts  |  Last Activity: Jul 10, 2014 9:30 AM Member since: Dec 5, 2005
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  • Reply to

    Dividend increase

    by black.beaver Jul 7, 2014 12:57 PM
    cantgthrtondirt cantgthrtondirt Jul 10, 2014 9:30 AM Flag

    ConocoPhillips (COP) today announced that its board of directors has raised the company’s quarterly dividend to 73 cents per share, an increase of 5.8 percent.

  • about 14,000 July 85 calls were sold mostly for $1.36 to $1.59 while roughly the same number of July 90 calls were bought for about $0.17 to $0.19.

  • Reply to

    Where does COP trade from here? Targets anyone?

    by sheamanski Jun 22, 2014 3:16 PM
    cantgthrtondirt cantgthrtondirt Jun 23, 2014 7:56 PM Flag

    cramer always said over 80 usually goes to 100, don't see why not considering valuation

  • cantgthrtondirt by cantgthrtondirt May 16, 2014 10:26 AM Flag

    looks like they are moving it up to dump another offering stealthily watch!

  • Reply to

    Fitch

    by cantgthrtondirt Apr 23, 2014 9:59 AM
    cantgthrtondirt cantgthrtondirt Apr 23, 2014 10:01 AM Flag

    RATING SENSITIVITIES

    Positive: Future developments that could lead to positive rating actions include:

    --Long-term adoption of a more conservative financial policy. An upgrade is unlikely in the near term given the funding needs associated with COP's strategic growth plan and large dividend payout.

    Negative: Future developments that could lead to negative rating action include:

    --An inability to fill funding gaps with planned asset sales or significant execution issues with plans to raise production and achieve cash margin improvement;

  • Reply to

    Fitch

    by cantgthrtondirt Apr 23, 2014 9:59 AM
    cantgthrtondirt cantgthrtondirt Apr 23, 2014 10:00 AM Flag

    Asset Sales to Fill the Gap

    COP has used asset sale proceeds to help fund capex, pay dividends, repurchase shares, and pay down debt. As calculated by Fitch, the company sold more than $32.5 billion in assets since 2010 (including Lukoil shares and downstream assets prior to the Phillips 66 spin-off), bought back just over $20 billion in shares, and paid down approximately $7.7 billion in debt. Looking forward, we expect COP will be significantly FCF negative in 2014 and 2015 as it invests for higher margin growth and will continue to rely on asset sales proceeds to fund the gap over this period.

  • cantgthrtondirt by cantgthrtondirt Apr 23, 2014 9:59 AM Flag

    Credit concerns center on the company's relatively aggressive shareholder distributions (with 20% - 25% of cash flow from operations earmarked for dividends and share buybacks); the trend of declines in COP's production (2013 production of 1.502 million boepd versus over 2.0 million boepd in 2010); and significant asset sales which have helped bridge COP's funding gap, but have also driven production declines.

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