- 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.
For further details see:
Repsol: Impressive Quarter, Renewable Opportunities, And A Very High Yield