RE:RE:RE:RE:RE:RE:RE:RE:RE:Double?Iliveinavan wrote: Predictions are exactly that, predictions....and the EIA's are ever changing with a history of inaccuracy and political interference. All said ,yes they were premature in bumping the dividend to these levels, but I believe we'll see the payout ratio come down as we move through the spring.
33k shares long.
bobsomething wrote: Gxe needs 80$ wti in order to maintain the dividend. EIA is predicting 79$ wti for 2023 and 74$ for 2024.
They should lower the dividend to something that is more sustainable. But this will result in a big hit to the price when they lower it.
I just don't understand their logic for such a big dividend. Did they expect that wti will average 90$ for 2023?
China imports 10.8 millions barrels pre covid..
Now 7.6 millions barrels ..
Good possibility China will ultimately get back to 10.8 or more imports of oil per day!!