/biz/ - Business & Finance

ET MMP ENB = free retirement

>>18297680
>MMP ENB
yeah those are nice too

These will get cancelled dude. Oil companies are trying to avoid bankruptcy

>>18297808
That's why you buy pipelines. LNG isn't going anywhere and their storage services collect fees while theres a glut.

>>18297884
Why are they down so much in the big sell off? Shouldn't they have boomed then or was it just general investor panic?

Everyone is selling oil because Russia will keep fucking pumping even when it costs more to store it then it is priced at.

Everyone is scared about traded oil instruments. Think about it if the proce goes to 0$ and you bought all the oil for 0$ then the price went up the system would break. These financial instruments were not made to account for a negative oil price they will break.

Litteraly Y2K oil speculators style except this time real.

>>18298057
Nobody will actually let oil go to $0 dollars though. They all saber rattle at the notion but nobody is willing to lose out on those profits. It will only happen when there is actually no use for oil anymore.

>>18298076
some oil is already $5 like Western canadian select

>>18298108
Brent and OPEC basket will never get to $0. Off beat oil markets that no one cares about like Alberta oil could go absolutely bust, but the major oil markers will never reach that low. Governments are already so far in debt. They are pretending they will subsidize oil for years to come but they know they can't.

>>18298260
We would see a war happen before that occurred.

>>18298076
That will never happen. What are you gonna made roads out of? asphalt is oil.

How do you actually buy oil? It's so fucking cheap right now.

>>18297516
what to stop them from lowering these dividends as all this plays out? since the OPEC meeting is cancelled, I'm guessing these tickers take another hit tomorrow.

>>18298505
you want actual barrels of oil? /CL, /BZ
tickers: UCO, XLE for ETFs, or COP, RDS/A, RDS/B, OXY, ...

>>18298579
Depends on free cash flow. S0me companies took out loans to maintain the payouts. They re alize that cutting the divvies makes tuem undesirable for investors

>>18298857
Only RDS.B why the hell would you want to pay a 15% withholding tax to the dutch with RDS.A?

>things that are on their way to zero
itt

>>18297516

>>18298884
big brained anon

How often do you get dividend monies?

>>18298076
Russia would they are the ultimate capitalists and the petrodollar is the ultimate sin in a free market.

They will pump until their is nowhere to store it a d the price will truly be zero. They have no plans to talk about this lol

>>18297516
Redpill me on divvys. So companies pay divvies, but can basically be like "jk, we not paying divvys this year or we lowered them"?

Russians are the ultimate evil. Even more than the Chinks

>>18298902
What difference does it make? You would have to pay taxes either way. There is 99% chance the country you reside in has a treaty to avoid double taxation.

>>18299429
so what's going up or down tomorrow?

>>18299429
Another "completely legit" phone call? Is that it?

I am still amazed that no company has a store of savings or a basic plan to cover a profit gap of a few months.

>>18299678
No, they are just mad men. They still have mad soul.
China on the other hand...

>>18299640
yea, if you dont like it try to find companies that have done it consistently. some of them even increase the dividend each year

>>18298057

countries would just embargo Russian oil in order to protect their domestic production including the U.S.

>>18299872
High turnover companies don't have huge cash reserves. it take 1 catastrophic event for them to go under.

>>18299429
>inb4 nothing happens

>>18299501
Every quarter. That’s four times a year

>>18297921
Because op doesn't understand natural gas is just a byproduct of oil production.