Saudi Arabia s bet that the golden age of U.S. shale is over appears to be a safe one - for now, at least.
(Bloomberg) Saudi Arabia’s bet that the golden age of U.S. shale is over appears to be a safe one for now, at least.
A round-up of data on shale drillers shows they’re sticking to their pledge to cut costs, return money to shareholders and reduce debt. If they stay the course, it would validate the OPEC+ alliance’s high-stakes wager that it can curb output and drive crude prices higher without unleashing an onslaught of supply from U.S. rivals.
U.S. shale prioritizing debt over drilling, just as OPEC predicted By Michael Tobin, David Wethe and Kevin Crowley on 3/12/2021
Shale drillers are putting debt payments ahead of making hole.
HOUSTON (Bloomberg) Saudi Arabiaâs bet that the golden age of U.S. shale is over appears to be a safe one for now, at least.
A round-up of data on shale drillers shows theyâre sticking to their pledge to cut costs, return money to shareholders and reduce debt. If they stay the course, it would validate the OPEC+ allianceâs high-stakes wager that it can curb output and drive crude prices higher without unleashing an onslaught of supply from U.S. rivals.
Weekly Summary Corporate dividends, name changes, new listings
by The Associated Press
Last Updated Jan 22, 2021 at 3:28 pm EDT
NEW YORK Changes announced in corporate dividends Jan. 18-Jan. 22.
INCREASED DIVIDENDS
Alliant Energy .4025 from .38
Artesian Resources .2571 from .2283
BlackRock 4.13 from 3.63
Cintas .75 from .70
CMS Energy .4350 from .4075
Consolidated Edison .7750 from .7650
Enterprise Bancorp .185 from .175
Fastenal Co .28 from .25
First Busey .23 from .22
Flagstar Bancorp .06 from .05
Gladstone Land .04495 from .04490
JB Hunt Transport Svcs .28 from .27
Kaiser Aluminum .72 from .67
Lakeland Finanial .34 from .30
MetroCity Bankshares .10 from .09
Monmouth Real Estate Inv Cl A .18 from .17
NRG Energy .3250 from .30
ONE Gas .58 from .54
Orrstown Finl Services .18 from .17
Pinnacle Finl Parnters .18 from .16
Shutterstock .21 from .17
REDUCED DIVIDENDS
OTHER CORPORATE NEWS AND LISTINGS: