Dilemma?

[EricL]

I do think HP looks interesting, but I would point out that their earnings will take a big hit should cap-ex from the E&P's get cut significantly. Their earnings estimates for 2015 have already been dropped from $7.52 to $6.31 and for 2016 they've dropped from $8.18 to $6.53 over the last 60 days and with cuts to drilling budgets already beginning to show up, they could be headed down further.

They have a great balance sheet though so I'd think the dividend is safe for the immediate future, especially considering management's seeming strong commitment to it.