The "non operational items" may be why the shares are down a bit but like I said the numbers across the board were pretty good growth in almost all the breakdown numbers.
I think we see WTI in the low $60's by then with anticipation of an OPEC production cut by early Q2. If OPEC wants to remain relevant the will be forced to do so.
I would guess it's a combination of the investments also. IEP is down $17 off the recent high around Thanksgiving throw in HTZ down $5 when he announced an additional buy, AAPL down $10+ off the recent highs and so on
OK they can eliminate the dividenT but they should still pay out a dividenD to shareholders that's what utilities do. It's now up to 4.51% compared to 2% ten year. Soon the value guys will be buying it may have bottomed today if not it's close. The utilities did bounce off the lows late in the day. We'll see how they act next week especially with the Fed on Wednesday. A lot of the selling is probably in anticipation of their statement. Imagine if the Fed says they will stay on hold then you see a bottom in the sector.
It's what utilities do funnel cash to shareholders. Almost all utilities have rolling debt but they generate consistent cash flow to allow borrowing for dividends,capital projects, etc.
What would you expect after months of silence. Cramer is right when he's right but never wrong because he shuts up when that happens.
Still the slimiest firm on the street. Remember their super oil spike call about 7 years ago for $200/brl. This news was factored in already and the market is telling you that right now especially if shares close in the green today.
RIG should be cutting or eliminating the dividend in early 2015 especially if oil keeps dropping and stays below $65 no? If the action of IEP stock is any indication of what the market thinks his company will do in 2015 I think it will be in the $80's very soon.
I notice every time the Najarians put out some news about a stock it does the opposite of what they say on the air or write in their articles.... They are Cramer-like.
The price should have never been above $100 to start with. Money printing along with the ISSIS headlines allowed it to stay above par for longer than it should have been. But now with the dollar's incredible run, OPEC and the US producing ample supply and weak demand in Europe and China oil is where it should have been. With the forward pricing of oil it will be a battle to keep it above $50 for a prolonged period of time $52 seems to hold for now but if more nations dip into recession I believe the $40's are on the way. SDRL has done a good job of holding near $12 even with the constant late session selling of oil each day. They say oil stocks bottom before oil does and that's what we may be witnessing.
I shorted $8.50 in the after hours and covered today missed that bottom here to buy I was watching other stocks but I agree they will be issuing stock and using cash this is another huge debt load along with the huge debt to cash ratio they have currently. Watch for a possible dividend cut down the line if they start having trouble servicing all this debt. I cannot believe that they got three upgrades above the 52 week high this morning.
See the staggering and strange moves "The Machines" are bombing the exchanges with trades. What a shame we do not have a normal market based on fundamentals instead you have HFT's and the Fed. Got some MU $34.35 for a trade. I think MU will be over $36 by next Friday.
Which is just plain stupid those stocks have been destroyed especially the leveraged ones but very soon there will be a disconnect and the market will wake up and say this is good for 3/4 of the rest of companies daily operations....Aren't the HFT's and algorithms wonderful? Mindboggling!