I believe those exports are Condensate rather than crude, just to put a finer point on it.
It'll get pushed thru the pipes just the same, and in and out of the terminals.
Announcement said CC (Chemours) will carry a 'BB' rating. I expect DD to shove as much debt as they can onto CC to enhance the balance sheet of DD.
Not sure of cash flows from Titanium, et al. Is CC the better play? What kind of market share do these departments hold?
Thanx for any insights.
Volker Rule has been pushed off 2 years for banks to clear some questionable assets off the books.
Israel may attack and US will support. Middle East will buzz like spit in an anthill for a year or more.
Message will be sent to North Korea, you could be next.
Say it ain't so. All that investment in $ and time, white papers, etc?
I think he'll be back, he's staging the siege plan. He anticipated they would balk, its change for management, they are resistant to change. Too stuck in the legacy B S, self propaganda since 1809.
'Thar She Blows' Good Call ! Hope it holds, at least there is pent-up demand for this stock.
I expect them to tell the stockholders their plan of action to stem the slide. e.g. "crude prices are artifically low and will be for the foreseeable future, therefore, we will 1...; 2....; 3.... Our margins remain profitable because......
As I said the silence is unnerving. I can't help thinking about that Italian cruise ship that hit the rocks. The Captain was silent as well.
Huh? All the other Oil's have made statements about actions taken or proposed.
What's a 'quiet period', like when we lay our heads down at kindergarten?
Pardon my ignorance but my $ is burning at a high rate.
How about some reassurance? The silence is deafening.
Surely, you have fashioned some plan going forward given the current circumstances with crude prices and the fact that your stock is dropping like a Bill Cosby date?
OK, the company will cut CapEx -spending, probably sell some acreage, cut the div, pay down some debt, all while continuing to pump existing wells and generate revenue, including the NatGas which is priced low but steady. That's the worst of it.
6 months to a year Oil will rebound somewhat (maybe 70-80), conditions improve, they keep pumping and paying the divs. Investment will come back in soon, slowly, when the panic subsides. The initial jump 6-7 bucks in near term, then slower growth to at least mid 20's next year.
Technically, no wrong either way. The price will decrease by the div amount. Do you re-invest the div or take the $? Compounding is a good strategy. Today will be another hit to LNCO w/ Oil down, set your buy price, if it fills, you may get the div on top. If not, there's probably more down ahead. It comes down to your call, Risk v. Reward.
The company's announcement states that the 'record' date is Dec 11 (close of business). 'Pay date' is Dec 16. Therefore, 'Ex-Div' date is Dec 9 which allows three business days for any transactions to settle. Ex- Div means the stock trades WITHOUT dividend on that day.
In order to get the dividend you must buy the day before Ex-Div or Dec 8, Monday to allow the three days for the trade to settle. You then would be a holder of record Dec 11.
Important dates to know and keep in mind. 20% (annualized) dividend will create much action prior to and following Ex-Div.
Cramer has been pushing KMI/ KMP for more than 5 years. The whole KM family has done very, very well, with me along for the ride. I'm staying, can't add since I'm over-alloted with KMI in my portfolio. Do some research, it has very good prospects for the long term.
If you buy, buy in increments, to get your best prices.
When the recession hit, this was the stock I bought in March 09, without regret.
Best o' Luck.
Patience is warranted. Both are solid companies & great investments, and will return well over time.
Compounding is your friend. Demand for oil & gas is not shrinking soon and both companies service that demand whatever the price of crude.
No doubt some of the cash rich larger players will look to #$%$ up bargains and already producing assets since all Capex may be getting a haircut across the board.
Could Lnco be on that list?
OK, who remembers Billy Joe Robielo the voice of gloom and doom who told us that debt would swallow KM* and it was all a house of cards? He served as our cautionary voice when we became too bullish and sparked that element of fear we all have in our conscience. We all need that 'voice' in investing to keep us grounded. Fortunately he was wrong.