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Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Kirk © who wrote (8372)

3/8/2020 2:02:22 PM

From: the traveler

1 Recommendation

Recommended By
Winfastorlose

Read Replies (2) | Respond to of 26590

I love XOM and it is one of those that brung me to the party a long time ago. However, times they are changing. Due to a number of factors and internal decisions, XOM presently needs oil near $80 per barrel just to cash flow the business and pay the dividend. When a point is reached where much of the dividend is borrowed money--caution is warranted. I love it but i can't own it presently. Just the facts ma'am.

EXXON MOBIL (NYSE:XOM) DIVIDEND INFORMATION
Exxon Mobil pays an annual dividend of $3.48 per share, with a dividend yield of 7.30%. XOM's next quarterly dividend payment will be made to shareholders of record on Tuesday, March 10. The company has grown its dividend for the last 37 consecutive years and is increasing its dividend by an average of 4.38% each year. Exxon Mobil pays out 154.67% of its earnings out as a dividend.

Next Dividend:	3/10/2020
Annual Dividend:	$3.48
Dividend Yield:	7.30%
Dividend Growth:	4.38% (3 Year Average)
Payout Ratio(s):	154.67% (Trailing 12 Months of Earnings) 123.84% (Based on This Year's Estimates) 104.19% (Based on Next Year's Estimates) 54.07% (Based on Cash Flow)
Track Record:	37 Years of Consecutive Dividend Growth
Frequency:	Quarterly Dividend
Most-Recent Increase:	$0.05 increase on 4/24/2019

To: Kirk © who wrote (8372)	3/8/2020 6:17:26 PM
From: John Koligman	Read Replies (1) \| Respond to of 26590

The energy bloodbath enters high gear on Monday, look at this move in oil AFTER a huge move on Friday. Futures down around 900 so Oil plummets 30% as OPEC deal failure sparks price war fears PUBLISHED SUN, MAR 8 20206:03 PM EDTUPDATED MOMENTS AGO Pippa Stevens @PIPPASTEVENS13 An employee rides a bicycle next to oil tanks at Saudi Aramco oil facility in Abqaiq, Saudi Arabia October 12, 2019. Maxim Shemetov \| Reuters Oil prices plummeted as much as 30% in early trading Sunday night as OPEC’s failure to strike a deal with its allies regarding production cuts sparked fears of a price war. International benchmark Brent crude futures plunged 30% to $32.05 per barrel. U.S. West Texas Intermediate crude fell 27% to $30.07 per barrel. On Saturday Saudi Arabia announced massive discounts to its official selling prices for April, and the nation is reportedly preparing to increase its production above the 10 million barrel per day mark, according to a Reuters report. The kingdom currently pumps 9.7 million barrels per day, but has the capacity to ramp up to 12.5 million barrels per day. The move followed a breakdown of talks in Vienna last week. On Thursday, OPEC recommended additional production cuts of 1.5 million barrels per day starting in April and extending until the end of the year. But OPEC ally Russia rejected the additional cuts when the 14-member cartel and its allies, known as OPEC+, met on Friday. The meeting also concluded with no directive about the production cuts that are currently in place, but set to expire at the end of the month. This effectively means that nations will soon have free rein over how much they pump. “As from 1 April we are starting to work without minding the quotas or reductions which were in place earlier,” Russian Energy Minister Alexander Novak told reporters Friday at the OPEC+ meeting in Vienna, adding, “but this does not mean that each country would not monitor and analyze market developments.” Oil prices have already moved sharply lower this year as the coronavirus outbreak has led to softer demand for crude. A potential supply glut could pressure prices further. To some, it is reminiscent of 2014 when Saudi Arabia, Russia and the United States competed for market share in the oil industry. As production escalated, prices plummeted. ?$20 oil in 2020 is coming,” Ali Khedery, formerly Exxon’s senior Middle East advisor and now CEO of U.S.-based strategy firm Dragoman Ventures, wrote Sunday on Twitter. “Huge geopolitical implications. Timely stimulus for net consumers. Catastrophic for failed/failing petro-kleptocracies Iraq, Iran, etc - may prove existential 1-2 punch when paired with COVID19.” On the other hand some, including Eurasia Group, believe that Saudi Arabia and Russia will eventually come to an agreement. “The most likely outcome of the failure of the Vienna talks is a limited oil price war before the two sides agree on a new deal,” analysts led by Ayham Kamel said in a note to clients Sunday. The firm puts the chances of an eventual agreement at 60%. Vital Knowledge founder Adam Crisafulli said Sunday that oil “has become a bigger problem for markets than the coronavirus,” but also said that he does not foresee prices falling to the Jan. 2016 lows. “Saudi Arabia can’t tolerate an oil depression – the country’s fiscal breakeven oil prices remains very high, Saudi Aramco is now a public company, and MBS’s grip on power isn’t yet absolute. As a result, the gov’t won’t be so cavalier in sending oil back into the $30s (or even lower),” he said in a note to clients Sunday. - CNBC’s Michael Bloom and Natasha Turak contributed reporting.