what balance sheet are YOU looking at? they received 6 billion from the CRC spinoff.
why do you assume the EPS is written in stone? LMAO, go spread your fear mongering elsewhere.
correct, so why do you have such a difficult time understanding that it has no bearing, no effect on the dividend being sustained and being paid out?
then put your money where your mouth is and short the stock at these levels, but i highly doubt that you'll do that.
they're not going to earn 1.60 next year, notice how that number was REVISED, what makes you think it won't be REVISED upward? you buy the doomsday scenarios but you discount oil prices going back up? how does that work, ridiculous.
the CEO said they are "committed to annual increases in the dividend".
their debt is very manageable, and they have more cash than debt. there's a reason their balance sheet is considered one of the strongest in the sector.