API inventory data showed a build of 1.268 million barrels, Cushing basically flat, RIG COUNT DROP HAS STALLED.
any bounce to 66 if breaks you even it's a gift! Going to 64. out and will stay out as I told you dividennd is a sell on the news and not expecting a dumb-money spike, but could happen and good exit because low 60s after the news could happen, (over 50% probability)
Credit Suisse has estimated the company’s capital spending budget to fall this year, However it also predicts that new projects would add to the company’s cash flows in 2015. Credit Suisse further believes that crude oil prices would stabilize soon and allow the company to cover its 2015 dividend.
Some rationalize the negative free cash flow as an expansion of capital base that will result in future profits. Over the past 4 years, tight oil negative cash flow increased and has reached a cumulative of more than -$21 billion for the representative companies. Almost half of that negative cash flow took place in 2014.
How long do the losses continue before the cheerleaders of shale plays admit that the enterprise is not profitable?
around Oct 13, 2014- oil was near $80
Overvalued Oil Stocks, No. 3: Anadarko Petroleum Corp. (NYSE: APC) traded at nearly $95 this week. Again, the last time it was that high oil was at $87. Last year, APC had Q1 earnings of $1.26. This quarter the company is expected to lose $0.59 per share.
Sentiment: Strong Sell
i only see $60 mil cash on bal sheet, some here pumping receivables as cash? dayrates @$30K, cash flow will be neg in 2016-17/S&P says