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Message
re: Royal Dutch Shell Dividend Cut
Posted on 4/30/20 at 2:01 pm to C
Posted on 4/30/20 at 2:01 pm to C
quote:
What immense debt? I think their debt position is fine as long as oil creeps back up to the 30s in the next year.
They (XOM) went from essentially no debt in 2008 to about 50 billion. That and the fact that daily production is essentially flat in the same timeframe does not bode well for a future in which oil may not retest the $60 estimated to cover the dividend for several years.
1
Posted on 4/30/20 at 4:46 pm to TigerDog83
quote:
They (XOM) went from essentially no debt in 2008 to about 50 billion
I think that’s more a factor in how cheap companies can borrow now versus then. I think Apple has over $100 billion in debt. Most of this is probably at less than 3%. Cash flow is XOM issue. The cost of debt isn’t what’s breaking their bank at the moment. It will be interesting what they have to pay for debt this year and next though.
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