Tiglet, backbay boston, backbay professor, warmwithalightbreeze ........and plenty of others.
He's been very upset since KMI recently handed him his head.
He stinks up the T and VZ message boards 24x7.
Rating Action: Moody's downgrades ConocoPhillips' unsecured ratings to A2, stable outlook
Global Credit Research - 20 Aug 2015
New York, August 20, 2015 -- Moody's Investors Service downgraded ConocoPhillips' (COP) senior unsecured and other long-term debt ratings to A2 from A1. At the same time, Moody's affirmed the Prime-1 short-term commercial paper ratings of ConocoPhillips and ConocoPhillips Qatar Funding Ltd, as well as the short-term ratings of guaranteed industrial revenue bonds. The rating OUTLOOK has been changed to STABLE from negative.
5 Things ConocoPhillips' CEO Wants You to Know
ConocoPhillips’ CEO updates investors on its future plans.
Conocophillip Ryan Lance
ConocoPhillips' CEO Ryan Lance. Source: ConocoPhillips.
ConocoPhillips (NYSE:COP) recently reported better-than-expected second-quarter results. Driving this result was the company's solid production and substantial cost reductions. That said, while its quarterly results were strong, CEO Ryan Lance wanted investors to know that its underlying business was even stronger. That was one of the key messages he had for shareholders on the company's second-quarter conference call.
1. The dividend is safe
Lance led off his prepared comments by pounding the table, so to speak, on the security of the company's quarterly dividend. He did so by proclaiming, "The dividend is safe. Let me repeat that. The dividend is safe."
Later on in the call he went into a bit more detail on why the payout not only remains safe but why the company was actually increasing it during the current environment. He said:
The increase was very modest, representing about $25 million impact in 2015. While every dollar matters, we believe this was an important message for our shareholders.
So far this year the company has paid out $1.8 billion in dividends to investors, which is a pretty tidy sum. However, the company wanted to pay out just a little bit more going forward to send the message to its investors and the market that the dividend remains the company's top priority. That's a very bold statement given how many energy-related dividends have been either cut or eliminated over the past year.
2. We're on pace to be cash flow neutral by 2017
One of the reasons there had been some concern surrounding the dividend is due to the fact that the company isn't yet cash-flow neutral. That said, the company reiterated its plan to be cash-flow neutral by 2017. In fact, Lance said that the company has "increasing flexibility and can achieve cash flow neutral