RE:RE:RE:RE:RE:snipe coming end of day. Roscoe747 wrote: Yes, the dividend could be cut if sub$80 oil continues but the $80 threshold is an annual average that will be in doubt until demand improves. The WCS producers have a double torque in both WTI and a declining discount.
Heavy oil demand is a spring/summer event plus there is ever more heavy refining capacity in the Gulf. The wild card is, of course, the willingness of Biden to release more oil from the SPR. In 2023 he not only has a low remaining volume to contend with strategically but a Republican House may make it difficult to accomplish. I speculate no release if oil stays under ~ $120.
The problem for Gear, of course is not a dividend cut but the potential of a dividend cut creating uncertainty and volatility. Oh well, Hard Cheese as the Brits used to say.
Well said Roscoe .. if i listen to those noise i would not pickup meta at 89 bucks months ago ..
Gxe will trade accordingly in conjunction how many are willing to buy and sell given price ..
Given the company with no debt and flexibility they more able to jump in any opportunities in market ..
These is what im banging on .. Ceo have proven to be really good and prudent astute in running a company.. the only we no control is where price of oil go !!