Hap (Robert) Sneddon FCSI Pioneer Natural Resources PXD-N COMMENT Dec 04, 2023

Their report later today will be straightforward. This year, they already said that if oil is around $80 they will pay out $20 in dividends and at $60, will pay $10. Likely, they will pay the former which amounts to about a 10% yield. Not complex. She owns it for the dividend, not the upside.

She owns it only for the dividend, and doesn't need the stock to grow

Loves the company but he just sold it because it is a prime M&A takeover target. He is overweight energy despite paring this and other energy holdings.

Pays a good dividend and has good costs at a time when the oil price is down.

It reports next week. The Permian is increasing production this year.

They've done a great job extending resource life. He's bullish oil.

He just trimmed Pioneer, which topped out on Sept. 5, its ex-dividend date, but didn't like how it reversed after that. He still owns some Pioneer shares.

Exxon announced it will buy PXD, a mega deal, and he believes the deal will happen. PXD is a long-time favourite of his.

If you're already up, then take the gain and sell. Oil is uncertainty these days.