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Posted on 4/30/20 at 1:29 pm to notiger1997
Ahhh, will do. I’m sure morale will be through the roof now.
Posted on 4/30/20 at 1:34 pm to TigeRoots
Yep no bonuses for anyone. Raises will be fractional or zero also.
Posted on 4/30/20 at 1:41 pm to 632627
quote:
Where’s the dude that swore up and down (in multiple threads) that shell would never cut their dividend?
I remember that...
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.
Posted on 4/30/20 at 2:06 pm to notiger1997
Just read it. Scorecard set to zero. Thanks for that BG acquisition, Benjamin!
Posted on 4/30/20 at 2:56 pm to TigeRoots
quote:
Just read it. Scorecard set to zero. Thanks for that BG acquisition, Benjamin!
Yeah, that was just the worst with the timing and the amount Shell paid for them.
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.
Posted on 4/30/20 at 4:58 pm to C
I agree. I think the move RDS made was fiscally responsible. The dividends for big oil have been a “keeping up with the Joneses” for quite sometime. Better to rebalance/reset during a huge downturn IMO. Scrip dividends were used a few years ago but in this case now, would undermine their buybacks. I just hope it’s not step 1 in trying to win the court of public opinion to reduce the workforce dramatically. RDS cares about optics and a reduction in workforce while the board makes millions while the company pays a fat divy while buying back shares would not sit well with the public in the US much less across the pond.
RDS has spent over 200BILLION in the last 12 years paying dividends and buybacks
RDS has spent over 200BILLION in the last 12 years paying dividends and buybacks
This post was edited on 4/30/20 at 5:00 pm
Posted on 4/30/20 at 5:17 pm to nated14
Analysts were already hard on upstream O&G before the crash and were hammering companies to decrease debt and increase free cash/liquidity. Companies that weren't good at that were definitely punished by the market before, and more so through the crash.
This post was edited on 4/30/20 at 5:25 pm
Posted on 4/30/20 at 5:20 pm to nated14
So a new ETF will be formed any day now, maybe its symbol will be CUTR??? RDS cut is not shocking.
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