Q: Worried about U.S. seizure of Venezuelan oil.
What price would Wti have to decline before Cnq & Wcp reduce their dividends?
What price would Wti have to decline before Cnq & Wcp reduce their dividends?
5i Research Answer:
So far the oil price reaction has been quite muted. Companies do not usually provide this information, as it is not just price that dictates dividends. But we would not see any real concerns here until and unless oil moves below $45.