Results / move todayGood morning!
I reviewed the results this morning and have to say i’m very pleased with the numbers and the direction of the company. The only item that could drag the stock down a bit is the potential taking back of the proposed dividend increase. In saying that I think it will happen, however not immediately and the truth is this makes good sense. Until the differentials change, there should not be an increase. I believe the smart money will see it this way as well.
So for today, I believe the market will like the results for Q3. The market likes the results from the mid-terms. Trump will no longer be trying to hold down the price of oil. Sanctions are now in place in Iran. I see no where to go but up.
We should see a nice move up today and for the rest of the month of November.
Good luck to all the longs!
Kid