RE:RE:RE:RE:HeadscratcherCashflow numbers are going to be nuts..I'd be very surprised if the market would turn a blind eye as they begin to roll out. Profit and cashflow speak for themselves regardless of the industry...even if crude were to drop another $10-15US many of these companies would still be in great shape..
Heck, Whitecap's divvy has a yield of about 6.2% coming up this month at current price, AND they say that dividend payout is safe down to $50 WTI
Crude has run extremely hard these past couple months...a pull back and profit taking is natural, and yet I see all the conversations on the chat board like the sky has fallen...
sure the markets, don't alway make sense to us, but the traders behind the scenes have their own positions and agendas that we can't see...
I wouldn't be surprised if those traders were hedging their positions on the way up in anticipation of a pullback...AND...Options expiry is tomorrow...so, there is a good chance some of those large funds pushed markets in a favorable direction.
Remember..Companies are buying their shares back because they are seen as CHEAP and better investing value for shareholders
GLTA