RE:RE:RE:RE:Man - no dividend hike. They better speak to this on call The skinny on hedges . . .
When oil price is rising, hedging gets a black eye
When oil is falling hedges are king.
Capex, interest on debt, salaries all drive the amount of production that is usually hedged as it provides a guaranteed floor income. Flying without hedging is like flying without insurance. A necessary evil.
As long as oil stays at or above current level most of the oil names will be huge cash machines in Q's going forward.
As for M&A, my personal opinion is I don't trust CPG to stop their empire building which will keep debt high and dividends just "one more year" out of reach. Big funds are unlikely to swarm into CPG if the return continues to be 1/4 penny short of ZERO.
ALL jmo
glta
LiquidOctopusV2 wrote: There was a polite question about shareholder returns. Nothing crazy. The entire Q&A was a little boring - and boring is good. In my view, despite what you read here, most investors are satisfied with such a successful quarter.
And for those concerned about the hedging impairment, just remember that most of those hedges are not going to be a factor going foward. I think they're going for a sub-20% hedge in 2022, look for that impairment number to decrease.
Moernoney42 wrote: Moemoney42 wrote: It will be very interesting to see if any of the disgruntled folks on this BB call in today to voice their concerns.. if not.. well.. it will be telling.. c'mon boys.. nows your time to tell management what you think... will we hear crickets AGAIN today..??
here goes the dumbest mf loser of the entire internets spewing his macho micho garbage again LOL
hey dumb duck... which part of the lines being only open to the effing investment community did you not understand?
keep pushing sheet pal..