RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Limited damage according to Iran?Quixotic, lets say that at current prices of $70 their is enough cash flow to pay for expenses and pay the dividend. All mostly ok, the stock flucuates up/down based on oil prices.
Now lets say that oil declines and stays in the low $60s on some bearish development like, umm, oh, an endless Middle Eastern war. But at that price point CJ can't continue to pay the dividend but now have to use their credit to sustain their divy. That is a completly different scenario where they are now using debt, not profit to maintain the divy. The stock will then take a beating, that's the risk.
Yes, I'm invested and holding why else would I spend time posting.