Tag: energy
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Exxon considers pledge to be carbon zero 2050
A lot can happen in 30 years and considering to make a pledge is different than making a pledge. I expect they may make this pledge but it’s more an effort to placate new board members than anything serious. In March 2020, Exxon Chief Executive Darren Woods described ambitious carbon reduction targets made by some European rivals…
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Simply Safe Dividends upgrades Shell Midstream Partners (SHLX) to Borderline Safe
Following Shell Midstream’s 35% distribution cut announced in late July, we are upgrading the partnership’s Dividend Safety Score from Unsafe to Borderline Safe to reflect the firm’s improved distribution coverage. $$Shell Midstream’s Rightsized Distribution Better Covered by Cash Flow Going Forward (simplysafedividends.com)
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Oasis Midstream Partners Q2 EPS $0.72 Beats $0.71 Estimate, Sales $95.26M Beat $92.80M Estimate
Oasis Midstream Partners (NASDAQ:OMP) reported quarterly earnings of $0.72 per share which beat the analyst consensus estimate of $0.71 by 1.41 percent. This is a 118.18 percent increase over earnings of $0.33 per share from the same period last year. The company reported quarterly sales of $95.26 million which beat the analyst consensus estimate of…
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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…