Tag: energy
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ONEOK Q2 EPS $0.77 Beats $0.75 Estimate, Sales $3.39B Beat $2.98B Estimate
ONEOK (NYSE:OKE) reported quarterly earnings of $0.77 per share which beat the analyst consensus estimate of $0.75 by 2.67 percent. This is a 140.63 percent increase over earnings of $0.32 per share from the same period last year. The company reported quarterly sales of $3.39 billion which beat the analyst consensus estimate of $2.98 billion…
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In the wake of Hoegh LNG Partners dividend cut
I almost pulled the trigger on selling off my holdings in Hoegh LNG Partners until my cooler head prevailed. Let’s hope I made the right decision. After the announcement of their 98% dividend cut investors were dumping their shares and the stock price opened today at $7.05 down from $17.87 at the close yesterday. That’s…
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Hoegh LNG Partners cuts distribution 98%
In a big lesson learned for me I’m taking a big hit on Hoegh LNG Partners. They cut their distribution 98% from $0.44/share to $0.01/share. I knew they were a high risk for cutting their distribution but didn’t know it would end up that bad. It’s a double whammy because after the announcement shareholders are…
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Exxon names new CFO
Exxon Mobil Corp. has hired Kathryn Mikells as its next chief financial officer, succeeding 43-year company veteran Andrew Swiger as the company’s top financial executive. Ms. Mikells will take over as the energy giant’s CFO Aug. 9, the company said. She previously served as CFO of Diageo PLC, a British beverage company, since 2015. Before…
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Chasing The Yield Podcast – July 19, 2021
Markets are taking a dive, J&J has more problems, Microsoft blames Israeli group, OPEC reaches compromise, hotels eliminating housekeeping, and much more!
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OPEC reaches compromise with UAE
If the compromise takes hold that could lead to a drop in the price of oil. In this post pandemic economy who knows what effect this will have. I expect we won’t notice much of a change in the short term. It’s more important to keep an eye out for the long term trend. Right…