Iran saying $25 oil is no problem is beyond laughable too! It's all propaganda hype to send message to US that sanctions don't bother us, we're prepared for $25 oil, blah blah, yet CNBS runs their mouths with it.
Fadel and Gheit also argue that dividends are unlikely to be cut, as energy firms will reduce spending and increase borrowing in order to preserve the dividend. Oil company execs understand that cutting the dividend undermines investor confidence in a company, and is is especially damaging to energy stocks. They also highlight that the European majors currently offer the highest dividend yield. ConocoPhillips (NYSE:COP) has the highest yield among U.S. oil majors, then Occidental Petroleum. The analysts also note they anticipate both Exxon Mobil Corporation (NYSE:XOM) and Chevron Corporation (NYSE:CVX) will increase their dividend this year.
take a 2 or 5-yr chart of COP and put comparison symbol to UUP (Dollar up) you can see COP topped out in July 2014 exactly when UUP started rising from a long flat base.
S&P said dividend is safe unless 3 yrs of these low oil prices. The Dollar is also key here, it's gone from 71 to 93 and is running into l-t resistance about 2% higher from here, it's a 50-50 chance the $USD stalls out here I think, meaning support for oil price.
Date Analyst Latest Action Latest Rating Latest Target
01/15 Jefferies target down hold $74
01/14 Barclays target down overweight $79
01/13 JP Morgan initiation underweight $68
33% Positive Median: $74
Conoco expected 89 cents a share in the quarter, compared with earnings of $1.40 a year earlier.
Shale on average needs $80 oil, here's reality:
Arthur Berman: We’ve read a lot of silly articles since oil prices started falling about how U.S. shale plays can break-even at whatever the latest, lowest price of oil happens to be. Doesn’t anyone realize that the investment banks that do the research behind these articles have a vested interest in making people believe that the companies they’ve put billions of dollars into won’t go broke because prices have fallen? This is total propaganda.
COP is having a deadcat bounce, the p/e is is now about 18 (EIGHTEEN)! WHO THE F IS BUYING AN OIL CO WITH DECLINING EARNINGS AT P/E 18? answer: the company buyback, buying earnings and rewarding executives, greatest con-game in recent market history.
don't buy a dumbarse mutual fund, look at XBI, or another etf,you can enter/exit when needed, mutual funds are for ROADKILL! (you)
Just looked, THAT'S A P/E OF 28 (TWENTY EIGHT) ! Q1 2015 est is .74 SEVENTY FOUR CENTS down from $1.81 This is a trainwreck
I sold some at 78 and some at 74, I only had 300 shares. I fear analists downgrades and anyone thinking it's a p/e of 8 is wrong, dead wrong b/c nobody knows what the "E" is now.
P/E on S&P is 140 without legal accounting gimmicks. Small Cap Russell (IWM) is a fraud p/e as stated on I-Shares that they drop any p/e over 60 and mark to 60, no extraordinary charges are included, at least 10 holdings in IWM have p/e of 1000 (one thousand). RUSSELL real p/e is at least 40! Price-to-sales (P/S) for S&P is AT ALL TIME HIGHS because of the issuing of junk bond debt to buy back stock. Good luck, suckers.
all you "investors" think buying at 85 and hoping to get "even" is a good investment, these are the pathetic "Road Kill" the insiders on Wall St call you, they depend on your ignorance, and dividend bait is now what they are feeding off of.