39 cents is the highest dividend WEC has ever paid and was first paid in this years 1st quarter. Do not confuse the dividend paid by Wisconsin Electric, which are on preferred stock and act like bonds. The dividend is fixed and never raises. The preferred stock will go up and down like bonds based on interest rates and the ability of the company to continue paying the dividend. At sometime in the past the 6% preferred with a $1.50 dividend was probably issued at $25 per share.
Cop does not rue the day. All the businesses in PSX were hidden inside of COP and never were able to show full value. Only as a result of the split do you see the value that was locked in the larger company. The old COP was a poorly run operation besides. They had accumulated assets that they would never drill on for lack of cash.
I love this company and think they will do well over the long pull, but PE of 25X earnings is exorbitant for a company with a low growth rate. maybe the bad winter and the fact they turned up a lot of capital projects last year will lead to much higher earnings than the 12 analysts that follow this company estimated.
Forward earnings is based on 2015 and is 15.5X. There is a good chance that they can beat estimates this year. Miles also mentioned on the conference call that there are some possibilities on the radar for M&A activity.
Stocks trade on future prospects not past earnings. Better cover cause as HK moves higher, your broker will cover for you.
Over 85% of the shares are owned by institutions who do not care whether stocks split or not. John Q. Public is not significant in the movement of this equity. There is no reason to split the stock.
I bought some stock in CBT earlier this year. They report quarter earnings on 4/30 with the conference call the next day. I think the US economy is in the process of perking up and i like chemical companies. I had read about some of the things CBT was doing and decided to invest. there should be more to talk about after earnings.
Halcon has been accumulating property in the TMS and is drilling. They expect it to be one of their three prime plays.
I still see you are running your mouth and cherry picking individual events which happens everywhere and more so in liberal states. In Wisconsin the unemployment rate has been going down in spite of the fact that the total civilian labor force has been going up and total employment has gone up. In many of the liberal states the unemployment rate has gone down even though total employment has gone down. As far as the colleges are concerned it is about time they started reducing the exploding cost due to the lack of productivity gains that they could have made over the years. The number of none teacher staff at many schools is through the roof.
NEW YORK (TheStreet) -- For Phillips 66 (PSX_), will higher margins mean a higher stock price?
The energy company, which has seen a profit decline in its core refining business, is diversifying by investing more in its higher-margin midstream and chemical businesses.
This year, Phillips 66 and its joint ventures will spend $4.6 billion in capital expenditures, primarily to expand the company's midstream and chemical businesses, both of which posted higher earnings last year. Midstream is the business of transporting and processing oil.
Phillips 66's expansion in the higher margin operations will likely boost the company's profits, and investors are optimistic, as the company's shares have rise 25% over the past 52 weeks. They were recently trading at $77.82, up 26 cents.
The stock trades at 13.1 times trailing earnings, close to its highest level ever. But then again, this stock comes with just two years of trading history and is priced much lower than the industry average of 30.6 times trailing earnings, according to data compiled by Thomson Reuters.
Phillips 66 operates 15 refineries, including 11 in the U.S. About 55% of the company's refining capacity lies in the Mid-Continent and the U.S. Gulf Coast, where the refineries can tap into unconventional fuels. Seven refineries are located in coastal areas that allows the company to capture higher prices in the international markets.
But Phillips 66's refining segment has lagged its other businesses, which is why it is investing more in its chemical and midstream segments. Last year, chemical earnings rose 19% to $986 million and midstream earnings rose nine-fold to $469 million. Earnings in the much larger refining segment fell 43% to $1.8 billion. Phillips also has a marketing segment.
Phillips 66's midstream segment includes a 50% interest in DCP Midstream (DPM_) and its oil transportation-focused master limited partnership, or MLP, Phillips 66 Partners (PSXP_). The chemical segment is almost entirely repr
It will be intersting to see Dominion do raise the money. Dominion plans on spending $14 billion on capital projects over the nest 5 years. For the time being they are also tied up with Cove Point project and creating an MLP for the complex and possibly other assets. I would not expect anything in the near future. In the meantime NI could either buy some smaller utilities, like VVC an adjacent company that has finally gotten out of the wholesale energy business. Merger of equals is also possible like with WEC as an example.
If what you say is true then how did Floyd's PetroHawk and other shale gas players continue to go into debt, drill like mad and then become cash flow positive. At that point they exploded to the upside and quickly went another 3 to 4 times form where they were trading. SWN is a good example because you can see what happened on the chart. I personally owned it and made a ton of money.
Your diatribe on reserves just shows that you have absolutely no idea about the oil industry. I am guessing you are a momentum trader and now short and desperate. Reserves are booked based on drilling and oil in the ground by professional 3rd party engineers. Reserves are only written down when the oil is no longer commercially viable. In other words additional wells to drain probable reserves would not be drilled. This is not going to happen. World wide, 5+ million barrels of oil are lost per day due to fields being drained, primarily the big ones are in major retreat. To stay even you have to produce an additional 5 plus million barrels per day. Because world economic activity is picking up an extra 1 to 2 million barrels per day needs to be produced this year on top of what you need to stay even.
Energy has been the strongest sector recently, and bullish option activity is building in Occidental Petroleum.
optionMONSTER's Heat Seeker tracking program detected heavy call buying in the company this week, starting with the August 105s for $0.85 on Tuesday. Traders followed up yesterday with the purchase of 5,000 November 100 calls for $3.15 and 10,000 August 110s for $0.41. Volume exceeded open interest across the board, indicating that new money was put to work.
These long calls lock in the price where shares can be purchased, letting investors cheaply position for a rally without necessarily buying the shares. That allows the traders to avoid tying up large amounts of capital on a stock that has been trapped in a range for years. (See our Education section)
OXY rose 1.18 percent to $96.02 yesterday. The oil and gas producer gapped higher on Feb. 14 after announcing plans to spin off its California assets and move its headquarters to Houston, but the stock pulled back in March and is now trying to get moving again.
Overall option volume in Occidental was 10 times greater than average in the session, with calls accounting for a bullish 89 percent of the total.
The stock should creep upwards during the better part of the year as earnings increase; however, the defining event will be when KOG becomes cash flow positive and starts to pay down the revolver. When the original companies that drilled for natural gas in shale reached that point about 7 - 8 years ago the price exploded and tripled plus in a year or so. Look at SWN chart. I woned the stock and hit a quick triple.