See also this note from earlier:
Disclaimer: this is not an investment site. Do not make any investment, financial, job, career, travel, or relationship decisions based on what you read here or think you may have read here. Full disclaimer at tabbed link.I don't follow SM Energy. I don't directly invest in SM Energy. I lost interest in SM Energy when it left the Bakken years ago.
The reason for posting: if this doesn't tell you how much money the oil and gas sector is making, nothing will convince you this is unprecedented -- the cash flow and cash being returned to shareholders.
In addition, oil and gas investors will not be happy with those oil and gas companies not aggressively increasing their dividends.
In addition, oil and gas companies are choosing to return all that cash to shareholders rather than drill more oil. In some cases, the oil companies have no choice: the Biden administration is shutting down oil drilling where it can. In addition, not only is the world awash in oil but "everyone" sees demand destruction everywhere.
All my posts are done quickly: there will be content and typographical errors. If anything on any of my posts is important to you, go to the source. If/when I find typographical / content errors, I will correct them.
No comments:
Post a Comment