Monday, February 6, 2023

What Went Wrong With This IPO?

Shield

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Dividend Safety Grade

2019 and 2020 were not good years for the oil industry.

Prices plummeted, famously turning negative for a brief moment. As a result, oil companies' free cash flow evaporated.

This company's free cash flow was a horrific negative $2.6 billion in 2020. However, it has rebounded strongly.

Chart:
 

More importantly, this company has NEVER cut its dividend since it began paying one in 1911.

Click here to reveal this Perpetual Dividend Raiser.

The Value Meter
 

Shares of this company have not been a good investment since the company's initial public offering (IPO) in 2019.

A $10,000 investment at IPO is now worth just $7,430.

Ouch...

Chart:
 

Let's dig into what went wrong and why there are better investment opportunities out there.

Click here for the details.

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