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Posted on 10/30/20 at 10:05 am to 8thyearsenior
quote:
With OPEC+ members grumbling about keeping output cuts I don’t see any good news for oil prices on the horizon. If you own this stock it might be time to make some decisions about where it is going and are you staying along for the ride.
There’s a fair chance of an oil price bump in 2022 and then prices will settle in lower and the industry contraction will continue.
Posted on 10/31/20 at 7:22 am to cwill
We're likely to see a good bit of consolidation in the domestic oil industry over the next several years.
Picking solid M&A targets now - while the industry is in a cyclical downturn - could be one way to play the Energy sector right now.
I like Phillips 66 (PSX) and Helmerich & Payne (HP) ... they both have unique positions in the ecosystem, and they both have defensive strengths ... and that is usually good for shareholders.
I think there are some good bargains that could pay off a lot quicker (3-4 years) ... rather than waiting for the entire sector to recover (6-10 years)
This post was edited on 10/31/20 at 7:25 am
Posted on 10/31/20 at 8:14 am to cadillacattack
You’re definitely going to see a supply imbalance in 2022 with current investment cuts unless another energy source or efficiencies make major strides.
Posted on 10/31/20 at 7:41 pm to rickgrimes
Some might want to look elsewhere like TOT or CVX... if you want to be in that space.
Posted on 10/31/20 at 7:50 pm to Marcus Aurelius
Doug 
This post was edited on 10/31/20 at 7:52 pm
Posted on 10/31/20 at 10:54 pm to castorinho
I mean is there some argument that they are going to cut the dividend? It is obvious at this point it is going to happen.
Hell they are about to write down 20-30 billion for just one sector in the thier business.
Hell they are about to write down 20-30 billion for just one sector in the thier business.
Posted on 10/31/20 at 11:22 pm to GREENHEAD22
Sounds like they are assuming we wont have covid lockdowns again that completely wreck everything in 2021. If that is the case, dividend is sustainable and balance sheet will work out
Posted on 11/1/20 at 7:12 am to jimjackandjose
quote:
Sounds like they are assuming we wont have covid lockdowns again that completely wreck everything in 2021. If that is the case, dividend is sustainable and balance sheet will work out
The first of the covid vaccines are being released in London next week to those at high risk. It is the beginning of the end of the pandemic and the petty tyrants crushing our economies. I notice that that set shut down "non-essential businesses" but didn't shutdown non-essential government. What's up with that?
Posted on 11/1/20 at 9:27 pm to rickgrimes
Damn I have Exxon that I inherited — my great uncle was an attorney for Esso back in the day and got lots and lots of stock as a benefit.
I don’t even watch it — it’s just there.
I don’t even watch it — it’s just there.
Posted on 11/2/20 at 2:34 pm to tiger91
Posted on 11/2/20 at 2:48 pm to cgrand
Well from the interview above their plan to afford the dividend is hope. People serve life sentences based on hope but hope is not a plan. I'm curious to see how their "it cant get any worse" strategy serves them.
Posted on 11/2/20 at 3:13 pm to 8thyearsenior
That’s not what they said. They showed the margins history for the past decade and showed how each is at or well below the norm. They’re position is that their balance sheet is stronger than others and others will go bankrupt before Exxon does at the current margins. And although they have additional levers to turn, Exxon is working off a plan we are coming off those lows which is already showing in the data. So rather than change course, let the market play out without hurting the shareholders that count on the dividend. Day traders are not going to drive their decisions.
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