$10 B dividend payment + Stock Buyback + an unforeseen event + Price below $ 35 = GE or OXY or Boeing or GM
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Excellent insight. Out of the three you listed, GE is likely the "Cleanest of the dirty shirts" as they have a pretty good diversified portfolio. Boeing is somewhat diversified, but definitely heavy in aero and space (which both sectors are considered "non-essential" and have stiff competition [Airbus, Chinese ramping up aircraft manufacturing, Lock-Mart, SpaceX, Blue Origin, etc])
Oxy is truly sector specific and sector heavy. Won't help that WTI oil prices will be driven toward $10 soon...not an exaggeration
You must be talking about Oxy.
COVID-19 and Macondo oil spills are examples of unforeseen events. Scary time for all majors.
Let us take preventive steps as the entire world is doing to stop spreading of COVID-19.