The energy sector has emerged as the best performer over the past few weeks, with WTI crude prices climbing to their highest level in nearly eight months thanks to a flurry of potential Covid-19 vaccines . Optimism has returned to the oil markets in a big way. Even conservative BP Plc (NYSE:BP) has backtracked on its earlier projections that we might have passed peak oil, with the company now saying oil demand might not peak till around 2030. Yet, Big Oil is still far from being out of the woods, with big dividend payers, in particular, remaining in a precarious position. With WTI trading at ~$45, Raymond James analyst Pavel Molchanov says ExxonMobil (NYSE:XOM) is still not bringing in enough cash to fund its dividend and faces an “unenviable choice” of either selling assets or taking on more leverage to support the dividend. Last month, Exxon announced that it […]