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David Messler

David Messler

Mr. Messler is an oilfield veteran, recently retired from a major service company. During his thirty-eight year career he worked on six-continents in field and…

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Is This The Best Dividend Stock In Oil & Gas?

The moderating global growth story from trade tantrums, primarily between the U.S. and China, have kept a lid on the fortunes many of the Super Major oil companies through the second quarter. BP, (NYSE:BP) is no exception here, having declined about 7% from its early April peak of $45.23/sh to $42ish. .vemba-player-sticky{ min-width: 800px; z-index: 100000; }

There was a time in late May where it looked like it might crack $40 on the downside, but that never happened. I imagine due to yield hungry investors looking for income, swooping in and gathering up its shares for a 6%+ yield on cost. Shares have rebounded above $42.00 since as a result. As we move into the latter part of the second quarter, I think we may see that magical 6% yield return, and think investors should take a close look at this company.

The oil market is being driven by two things primarily at this point, trade and oil inventory growth. I expect these will continue to dominate the water cooler discussions, with only the increasingly remote chance of a shooting war with Iran, to change that dynamic. Shares of BP will fluctuate in the range set over the last six months as a result.

BP is looking past the day-to-day changes in the oil markets and investing for the long term. Both in legacy oil development, and the energy market that is developing for the next decade.

In…




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