Chasing the Yield
Investing for income through dividends and distributions
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Price of oil continues to be a problem for the United States and President Biden
Rising oil prices have handed President Biden a dilemma at a politically precarious time. His administration’s ambitious agenda to stem global warming calls for a shift away from fossil fuels. Yet Mr. Biden is now urging the Organization of the Petroleum Exporting Countries to increase production to ease shortages and lower prices. OPEC has so…
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Inflation hits 30 year high
Inflation seems to be less and less “transitory”. I still believe things will settle down into 2022 but this kind of news has a way of snowballing. With expectations goes the economy in many ways. U.S. inflation hit a three-decade high in October—rising at a 6.2% annual rate—as pandemic-related supply shortages and continued strength in…
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Oklahoma court overturned ruling against Johnson & Johnson
In its ruling Tuesday, the state Supreme Court took issue with the lower court’s application of the state’s public nuisance law, arguing it doesn’t cover the “manufacturing, marketing and the selling of prescription opioids.” The lawsuit was the first trial in the nation that sought to hold the pharmaceutical industry accountable for widespread opioid addiction and overdoses.…
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No news is good news
Chasing the Yield – November 08, 2021 Episode 28 Value 4 Value podcastingListen to this podcast on PodFriend News Teekay LNG Partners LP (TGP) announced they filed their proxy statement with the SEC relating to their merger with Stonepeak Limestone Holdings LP. If the merger is completed common unit holders will receive $17.00 per unit…
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Penultimate month of 2021
Chasing the Yield – November 1, 2021 Episode 27 Value 4 Value podcastingListen to this podcast on PodFriend News Black Hills (BKH) marks 51st consecutive annual dividend increase – Chasing the Yield Microsoft passes Apple in market cap – Chasing the Yield Exxon and Chevron flush with cash from rising oil prices – Chasing the…
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Exxon and Chevron flush with cash from rising oil prices
The two largest U.S. oil companies, Exxon Mobil Corp. and Chevron Corp. , reported on Friday their most profitable quarterly earnings since before the onset of the global pandemic. Exxon reported earnings of $6.8 billion, its best quarterly performance since 2017, and said it would launch a $10 billion share buyback program starting next year. Chevron reported $6 billion in net…