That is the BIG question. So far none of the big energy companies have cut dividends. If STO does it will crash, then you buy it. The company has so many sources of oil and gas to develop. Plus it is run by taciturn Norwegians who are conservative by nature and the company is for all intent and purposes nationalized. Wait and see. Keep your powder dry. Good Luck.
I don't know why some conservatives have to voice their hate and prejudices. They just don't understand the world because they live in an insulated world. They rarely travel and don't like THOSE PEOPLE. Economics? They don't have a clue. Greece survives. Conservatism dies of its own prejudices. Likewise their investments. When they lose money it is a conspiracy. LOL
The bank is still struggling with the banking crisis of the EU and has to hold much capital reserve . It has a ton of shares. Spain itself is doing just OK. High unemployment. Perceptions, not found in any balance sheet or chart for the bank is not good for this bank. The bank is not making a lot of money---again they are doing OK. Believe it not I like the banking business, but not here and now. More?
You can't sue because you made a mistake. But hey, you're American you can sue for any reason. Sorry dude take your write-off. Life is not fair.
Yawn. Sell and take a tax write off. please suffer in silence, Every long here is down. What, you think you are special?
Oh well, I guess some of you are right it is a buying opportunity. The fortunes, like it or not, true or not, rides with the EU's economy and right now the EU is faltering. Spain is not out of the woods--though the trees are farther apart. There has to be guy here stating the obvious for the Rebecca of Sunnybrook farm (See the movie with Shirley Temple)longs
As long as the Saudis keep pumping and there are protestors in the streets PBR falls. That is the facts jack. Right now you longs are staring at new lows. Don't bash me, pray or buy more.
I say you are wrong on oil. $40 is not the low. What you posted is relatively true---however the UK oil industry is but a tiny player and not germaine. Remember this: It is always darkest right before...it is really dark. Unless and until the Saudis stop pumping the price will fall. Period. There is no increased demand for oil in the world. The three big users--China, USA and the EU have little demand increases.
Because some people here keep posting like all is good at the bank, and nothing is wrong. They were rosy colored glasses and are in denial/
What? That is wrong! The cultist here will now bash you for stating the obvious. They all know SAN is going like a rocket to $20 plus dividends. This is GOD'S chosen bank. Yea, GOD banks there, or at least has a checking account or maybe a CD.
OIl is not up posters. The scandal is not over. The economy of Brazil faces tough problems. All is not well. PBR to fall to again new lows or near new lows. Never count out the government doing something harmful to PBR shareholder.