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Sector Update: Energy Stocks Edge Higher Premarket Thursday
Oil prices fall + production cuts, Saudi Arabia's June oil exports drop to a three-year low.
Due to falling oil prices and production cuts, Saudi Arabia's petroleum export revenue has fallen to its lowest level in three years.
Express News | Reported Earlier, Ecopetrol Secures Upto $250M Loan Authorization From International Bank: Five-Year Term With Variable Interest
Ecopetrol: Term of Loan Is Expected to Be Five Years >EC
Press Release: Ecopetrol Obtains Authorization to Execute a Loan Agreement With an International Bank for Two-hundred Fifty Million Dollars
US Total Crude Oil Stocks Decline in Week Ended Aug. 16
Bees Knees : Same, I started my investment journey a couple of months ago and its not been easy! While the price is down right now it has a lengthy history so there is some future to be had. I don't think its a quick turnover, but I think staying put will offer some good returns
Space Dust : i have spent substantial time digging into the dynamics of the company as dividends are becoming more popular choices.
so far, according to others, the leftist leader of Colombia has really been an issue with EC..
whenever someone leftist sees a target to extract resources " for the people" .
many investors are apprehensive to someone waking up everyday thinking of ways to " rob the rich, feed the poor"
short sighted mentality, as the cash cow can only be slaughtered once .
and it provides the and .
so, milk it as much as possible..
when dividend time comes, putting his hand in there , and
" giving to the poor" and then..
you KNOW, he thinks," welp,nice dividend , how can we take 1/3 of that.. the " rich " are greedy and should be satisfied with less .
CNNT OP Bees Knees : Ya, I have to agree on principle. But first, we have to drown out the noise and curb that short-term opportunitic urge. I set out to reap long term benefits but was tempted to explore all the exciting shiny things and got lost a bit. But still, in the early days in the journey, let's not make the same mistakes over and over.
CNNT OP Space Dust : I guess you are right at a philosophical level and it could play out that way, so its something we should ve keenly aware of. But what bugs me is some of the unhealthy financial numbers, suggesting the company is not well run. So while promising, I won't hold too much of such stocks.