Oil Stock Dividends Are "Soaring" This Year -- Sources -- May 16, 2019

Updates

May 21, 2019: see examples of soaring dividends here. 

Original Post

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For an alternative view:

• US shale boom about to go bust: Nick Cunningham
• US shale: not a revolution, but a retirement party: Art Berman

Today, we have this story from the same group of folks: why oil stock dividends are soaring this year. The headline seems to be a bit of hyperbole based on the story itself. If examples of any of these "soaring dividends" were given, I missed them. Data points:

• some independent US drillers are starting to increase dividends this year
• some of these dividends had been slashed/frozen as a result of the price slump in 2015 and 2016 (the Saudi Surge or "Saudi's trillion-dollar mistake")
• however, publicly-traded US shale companies still underperforming the market in general
• have amassed large amounts of debt
• having trouble raising capital through banks

"Last year, equity and bond issues by US drillers slumped to $22 billion -- the lowest level since 207, according to an analyst at The WSJ."

One, of course, could argue that the US drillers did not need to raise as much capital as in 2015 and 2016.

Just saying.