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Re: dexprs post# 85829

Wednesday, 07/01/2020 11:59:15 AM

Wednesday, July 01, 2020 11:59:15 AM

Post# of 110641
Nick,

What do you think about the possibility that BP may have to reduce their dividend considering that they borrowed to pay it and their EPS is negative?
This is an ongoing concern and since becoming aware of this I've decided to cancel adding to BP at 22.60. From an article read this morning it appears that BP is basing their dividend payments on the assumption that oil will rebound to $60 a barrel.

On the other hand opened DNB at $25.37 on another one of those beautiful IPOs.

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