STOHF - Repsol: Impressive Quarter Renewable Opportunities And A Very High Yield

• Repsol was affected by the decline in energy prices but still managed to produce a substantial amount of cash flow.
• The company's production declined due to the forced civil war shutdowns in Libya but that problem should begin resolving itself going forward.
• Repsol's electricity generation unit remained relatively steady, giving it a bit of an advantage over its American peers.
• The market expects that the company will have to cut its dividend and it will need a very strong fourth quarter to prevent this from happening.
• The stock is attractively priced even if the company does cut its dividend by 50% so it might still be worth considering.

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