Started By
Message

re: What in tarnation is going on with the Oil Markets? WTI down $10.00

Posted on 3/9/20 at 7:53 am to
Posted by windshieldman
Member since Nov 2012
12818 posts
Posted on 3/9/20 at 7:53 am to
I wonder if BP dividend is safe. A small cut won’t bother me but hopefully they won’t have a significant cut to it.
Posted by 632627
LA
Member since Dec 2011
14673 posts
Posted on 3/9/20 at 7:56 am to
Oxy with a near 20% yield lol. Guessing that’s sure to be cut before the next payout.
Posted by bayoubengals88
LA
Member since Sep 2007
23482 posts
Posted on 3/9/20 at 7:59 am to
quote:

No guarantee going forward, but maintaining the dividend is important to companies like Exxon
These are the last days for all Oil and gas companies.
Posted by Thib-a-doe Tiger
Member since Nov 2012
36572 posts
Posted on 3/9/20 at 8:00 am to
quote:

Oxy with a near 20% yield lol. Guessing that’s sure to be cut before the next payout.



I'm not saying dividends are safe, but you realize they're paying out the same dollar amount per share no matter what the yield is, right?


If they can cash flow their dividends, nobody will cut them immediately
Posted by Thib-a-doe Tiger
Member since Nov 2012
36572 posts
Posted on 3/9/20 at 8:00 am to
quote:

These are the last days for all Oil and gas companies



better log off then, gonna run out of electricity shortly
Posted by JayDeerTay84
Texas
Member since May 2013
9956 posts
Posted on 3/9/20 at 8:05 am to
quote:

These are the last days for all Oil and gas companies.


No clue how hydrocarbons play in your day-to-day huh?
Posted by cwill
Member since Jan 2005
54755 posts
Posted on 3/9/20 at 8:07 am to
A brief history of shale exploration: LINK

Time for the gallows humor.
Posted by castorinho
13623 posts
Member since Nov 2010
86553 posts
Posted on 3/9/20 at 8:34 am to
Mother of God.
Posted by 632627
LA
Member since Dec 2011
14673 posts
Posted on 3/9/20 at 8:36 am to
Has trading stopped
Posted by TigerDeBaiter
Member since Dec 2010
10664 posts
Posted on 3/9/20 at 8:38 am to
Yup. Tier 1 breaker hit. 15 min pause, then let the panic selling resume to 13%, then 20%. At 20% it would be off for the day.
Posted by yellowhammer2098
New Orleans, LA
Member since Mar 2013
3864 posts
Posted on 3/9/20 at 8:38 am to
quote:

Has trading stopped



Yes
Posted by tigerpawl
Can't get there from here.
Member since Dec 2003
22628 posts
Posted on 3/9/20 at 8:44 am to
Posted by TigerDeBaiter
Member since Dec 2010
10664 posts
Posted on 3/9/20 at 8:46 am to
Subtle.

But so true. We just don’t have any patience anymore. frick it. Get the crash over with.
Posted by BFIV
Virginia
Member since Apr 2012
8676 posts
Posted on 3/9/20 at 10:27 am to
quote:

Interesting. I wonder what their play is.




I think their play is to exert maximum pressure on the fracking/shale industry here and drive it out of business.
This post was edited on 3/9/20 at 10:29 am
Posted by Shankopotomus
Social Distanced
Member since Feb 2009
21078 posts
Posted on 3/9/20 at 10:30 am to
this, and I have heard/read a couple folks at least loosely associated with ARAMCO stating their main goal is to "protect their market share and increase demand along with supply"

the first part, I almost can see their point, flood the market while there is pain and take out some future CapX and competition

Not that I like it, but I suppose I can see the point
Posted by jerryc436
Franklin
Member since Jan 2014
588 posts
Posted on 3/9/20 at 10:32 am to
I think it is that and to do as much harm to Russia as possible because they refused to cut production. I think this is short term because Saudi's need oil revenue also but who knows how much pain they are willing to take.
Posted by Ruxins Rascals
Middle of Da Bayou
Member since Nov 2018
537 posts
Posted on 3/9/20 at 10:43 am to
Pardon any ignorance here as I am young and do not have much stock experience, but would now be a good time investing in a stock such as XOM seeing it is at a 5yr low at the moment?
Posted by CelticDog
Member since Apr 2015
42867 posts
Posted on 3/9/20 at 12:34 pm to
quote:

This will get ugly for major shale players





saudis are king of hardball.

i think this is political.

several oil producing countries will be wrecked.

how bout those iranians?

Posted by El Segundo Guy
1-866-DHS-2-ICE
Member since Aug 2014
11392 posts
Posted on 3/9/20 at 1:37 pm to
I have a serious question that maybe some of you might be able to answer.

I am recently retired and my wife is a RN. We have no real debt and have plenty of liquidity.

My wife's family is 2-3 months away from potentially selling 1280 acres right next to Odessa, TX. They just paid $40,000 for a land plan, LCA, appraisal, etc. Obviously this is not the best time to sell.

Sell it anyway and reinvest in real estate elsewhere or hold on to it?
This post was edited on 3/9/20 at 1:38 pm
Posted by notiger1997
Metairie
Member since May 2009
61278 posts
Posted on 3/9/20 at 1:41 pm to
quote:

saudis are king of hardball.

i think this is political.

several oil producing countries will be wrecked.


They are 50% owner of the largest oil refinery in North America. We should just take over their part and tell them to fck off.
first pageprev pagePage 3 of 4Next pagelast page

Back to top
logoFollow TigerDroppings for LSU Football News
Follow us on X, Facebook and Instagram to get the latest updates on LSU Football and Recruiting.

FacebookXInstagram