Tag: oil

  • Boom time again for oil and gas

    Boom time again for oil and gas

    Thanks to a mix of events, from the Russian invasion of Ukraine to the U.S. economic recovery, fossil fuels are showing surprising resilience, despite President Biden’s push to transition to clean energy and the industry’s own history of boom-bust investing and heavy reliance on debt. U.S. production of natural gas—Chesapeake’s focus—has hit record levels. The country’s crude oil […]

  • Exxon & Chevron to concentrate their spending in the Americas

    Exxon & Chevron to concentrate their spending in the Americas

    The two fossil-fuel giants plan to spend most of their annual budgets in the Americas this year, with Chevron saying it will pour 70% of the capital allocated for production into oil fields in the U.S., Argentina and Canada, and Exxon saying it will spend a similar portion of its budget in the Permian Basin […]

  • Pembina Pipeline (PBA) announces intent to switch from monthly to quarterly dividend payouts

    Pembina Pipeline (PBA) announces intent to switch from monthly to quarterly dividend payouts

    Some analysts say this should not affect Pembina’s dividend as it is well supported by their conservative payout ratio. It’s estimated near 60% after accounting for all capital expenditures. Subject to approval of future common share dividends by the Board of Directors, Pembina intends to move from its current practice of paying monthly dividends to […]

  • U.S. households spending almost double on gasoline versus last year

    U.S. households spending almost double on gasoline versus last year

    U.S. households are now spending the equivalent of $5,000 a year on gasoline, up from $2,800 a year ago, according to Yardeni Research. In March, the annual rate of gasoline spending was at $3,800, Yardeni noted. During the week of May 16, the national retail price for gasoline reached a record $4.59 per gallon, the […]

  • CrossAmerica Partners is a winner… so far

    CrossAmerica Partners is a winner… so far

    I sell out of BP, Oil execs on the hot seat, inflation still sky high, and much much more!

  • Shell expects to take $5 billion hit pulling out of Russia

    Shell expects to take $5 billion hit pulling out of Russia

    Shell Midstream Partners (SHLX) has a current dividend yield of 8.37% and is rated as “Boderline Safe” by SimplySafeDividends. I hold SHLX in my Medium Yield Portfolio. In total SHLX is 1.7% of my portfolio. Shell Midstream Partners (SHLX) is owned by Shell PLC (SHEL) The London-based oil major provided the guidance Thursday ahead of […]