RE:RE:Dividend increase - how about asking IR? This is a very interesting listen, it is a couple of hours.
Venezuela export increases require both production boost, and the shipping of diluent from the US. Apparently this is the next shoe drop to watch for.
https://anasalhajjieoa.substack.com/p/what-should-opec-do-what-would-russia Quintessential1 wrote: IR may clarrify the existing dividend situation wrt sustainability at these WTI oil pirices but I don't think they can confirm an increase. I really don't think that was you intention with your post title but I am just clarrifying.
Personally I think the dividend is probably safe at these oil price levels (Management ussually bulds in a buffer). Do we really need it to rise? It is over 10%.
With the SPR refilling and various other tailwinds pushing the oil price higher this looks like a great place to park some cash for a while.
The only real headwind I see is the Chevron Venezuala deal.
Any ideas on how soon and how much oil they can bring to the global market?
GLTA
JohnnyDoe wrote: There seems to be a lot of back and forth about the dividend. The price of oil has dropped, inflation is running hot in the oil patch and interest rates are up. There's a lot of hot takes on the board, some of which may lead to false expectations.
If you want to better understand the situation wrt the dividend and its stability, why not ask IR? Ask a credible question, you'll get a credible answer.