Both the supply and demand sides of the equation spell trouble for Big Oil today. Holders of BP (NYSE:BP) stock have suffered staggering losses amid the energy-sector rout. Some audacious traders might wonder if this is the time to grab some cheap shares and hope for the best.Source: FotograFFF / Shutterstock.com That's an ill-advised strategy.Russia and Saudi Arabia are embroiled in a vicious oil-price war. The coronavirus from China is pummeling demand. There's little hope for a swift recovery in BP stock, and the prospect of a dividend cut only makes the future look bleaker. Yet, even while BP should be cutting costs, the company's new chief executive is proposing a major vision shift that could cost the company billions.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Big Plans, Few DetailsBernard Looney, who has only been BP's chief executive since February, has already made the headlines with an ambitious...
The sudden collapse in the price of oil will hurt natural gas exploration firms the most. Chesapeake Energy (NYSE:CHK) stock is especially vulnerable. The firm has an unsustainable debt load and cannot service the interest payments with energy prices falling.Source: Novikov Aleksey / Shutterstock.com CHK stock tried to hold the 50 cent support line on the charts. But energy prices are far too low to give the firm much hope of survival.Falling oil prices and the economic slowdown due to the coronavirus from China put Chesapeake Energy shareholders in jeopardy. When this started happening on March 11, the company's stock and bond values lost much of their value.InvestorPlace - Stock Market News, Stock Advice & Trading TipsChesapeake will have to restructure its debt and reverse-split CHK stock to avoid filing for bankruptcy. Bondholders will likely have to agree to a re-pricing of its debt. This group of investors is better off...
There's no doubt that the generous dividend offered by Delta Air Lines (NYSE:DAL) has been one of the best reasons for holding DAL stock.Source: Markus Mainka / Shutterstock.com For the immediate future, however, those payments are at an end.Delta stock has been bushwhacked along with the rest of the airline industry in recent weeks, seeing its stock plunge 45% year-to-date - and that's even taking a recent positive surge into account.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe board earlier this month suspended dividend payments for the immediate future. And numerous media reports indicate Delta and other companies that receive federal bailout money will be restricted from offering dividends as long as they have outstanding loans from the government. * 10 Stocks to Buy That Will Benefit From Coronavirus Mayhem Without its dividend, how does Delta stock rate among airlines? Let's take a closer look. DAL Stock at a...
In the wake of the onset of the coronavirus from China, some unexpected opportunities have arisen in the markets. Work-at-home stocks have gained traction lately, including those in the e-signature niche. Therefore, an intriguing asset for investors in these troublesome times is DocuSign (NASDAQ:DOCU) stock.Source: Sundry Photography / Shutterstock.com You might not have considered an e-signature company as a way to capitalize on the work-from-home trend. But social distancing might be here to stay for a while. In some areas, the stay-at-home mandate could last for months. This scenario sets DOCU stock for potential outperformance, even if the broader market corrects. The E-signature LeaderBecause of coronavirus concerns, business travel isn't always a viable alternative. No one can predict how much longer the virus will prevent people from traveling. For the time being, teleconferencing and other niches have come front and center.InvestorPlace - Stock Market News, Stock Advice & Trading TipsAmong those...
