{"id":1786,"date":"2016-02-04T16:30:56","date_gmt":"2016-02-04T16:30:56","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/2016\/02\/plummet_in_oil_prices_is_a_wor"},"modified":"2022-03-22T14:29:27","modified_gmt":"2022-03-22T19:29:27","slug":"plummet-in-oil-prices-is-a-wor","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/plummet-in-oil-prices-is-a-wor\/","title":{"rendered":"Plummet in Oil Prices is a Worry to Investors"},"content":{"rendered":"<p>\t\t\t\tWith oil prices plummeting, investors may have reason for concern. This week, ConocoPhilip cut its dividend by two-thirds because of the drop in oil prices to $30\/barrel. Its dividend went from 74 cents\/share to 25 cents\/share<br \/>\nAnd Conoco isn&#8217;t the only company whose dividends are in trouble because of cheap oil.  In January, Noble Energy slashed dividend payout by 44%. Last year, Eni (E) in Italy also made a substantial dividend cut, as did pipeline company Kinder Morgan with a 75% cut in December. Investors are worried that big oil companies, such as Chevron (CVX) and ExxonMobil (XOM), may be next.<\/p>\n<p>Such speculation wasn&#8217;t helped by the abrupt liquidation of a $600M leveraged fund bet on falling prices. According to <em>Reuters<\/em>, unknown investors in the VelocityShares 3x Inverse Crude Oil Exchange Traded Note left the fund after jumping in just last month. Over 1.8M shares of $602M were redeemed, which, according to FactSet Research data, is the largest ETN outflow over the past year.  Credit Suisse (CS), the ETN&#8217;s issuer, was forced to repurchase short positions in quick measure.<br \/>\n <a href=\"https:\/\/www.investorlawyers.com\/blog\/plummet-in-oil-prices-is-a-wor\/#more-1786\" class=\"more-link\">Continue Reading \u203a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>With oil prices plummeting, investors may have reason for concern. This week, ConocoPhilip cut its dividend by two-thirds because of the drop in oil prices to $30\/barrel. Its dividend went from 74 cents\/share to 25 cents\/share And Conoco isn&#8217;t the only company whose dividends are in trouble because of cheap oil. In January, Noble Energy [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3740],"tags":[],"class_list":["post-1786","post","type-post","status-publish","format-standard","hentry","category-miscellaneous"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Plummet in Oil Prices is a Worry to Investors &#8212; Investor Lawyers Blog &#8212; February 4, 2016<\/title>\n<meta name=\"description\" content=\"With oil prices plummeting, investors may have reason for concern. This week, ConocoPhilip cut its dividend by two-thirds because of the drop in oil &#8212; February 4, 2016\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/plummet-in-oil-prices-is-a-wor\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Plummet in Oil Prices is a Worry to Investors &#8212; Investor Lawyers Blog &#8212; February 4, 2016\" \/>\n<meta name=\"twitter:description\" content=\"With oil prices plummeting, investors may have reason for concern. This week, ConocoPhilip cut its dividend by two-thirds because of the drop in oil &#8212; February 4, 2016\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shepherd Smith Edwards &amp; Kantas, LLP\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Plummet in Oil Prices is a Worry to Investors &#8212; Investor Lawyers Blog &#8212; February 4, 2016","description":"With oil prices plummeting, investors may have reason for concern. 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This week, ConocoPhilip cut its dividend by two-thirds because of the drop in oil &#8212; February 4, 2016","twitter_misc":{"Written by":"Shepherd Smith Edwards &amp; Kantas, LLP","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.investorlawyers.com\/blog\/plummet-in-oil-prices-is-a-wor\/#article","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/plummet-in-oil-prices-is-a-wor\/"},"author":{"name":"Shepherd Smith Edwards &amp; Kantas, LLP","@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"headline":"Plummet in Oil Prices is a Worry to Investors","datePublished":"2016-02-04T16:30:56+00:00","dateModified":"2022-03-22T19:29:27+00:00","mainEntityOfPage":{"@id":"https:\/\/www.investorlawyers.com\/blog\/plummet-in-oil-prices-is-a-wor\/"},"wordCount":499,"articleSection":["Miscellaneous"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.investorlawyers.com\/blog\/plummet-in-oil-prices-is-a-wor\/","url":"https:\/\/www.investorlawyers.com\/blog\/plummet-in-oil-prices-is-a-wor\/","name":"Plummet in Oil Prices is a Worry to Investors &#8212; Investor Lawyers Blog &#8212; February 4, 2016","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#website"},"datePublished":"2016-02-04T16:30:56+00:00","dateModified":"2022-03-22T19:29:27+00:00","author":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"description":"With oil prices plummeting, investors may have reason for concern. 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