While I do hold a significant amount of this so called no longer trust oil company..anyone look at the 50/100/200 day moving averages? Has just about broken all three..Now..once again, why should we hold, or buy a decreasing capital(stock value), reducing payout investment, in the hope that we all can recoup, when Obamma saves the US..Sorry for last comment..We marines can be a little caustic..Semper Fi..
Not only a no-longer trust, it's also a no-longer oil company. Another point you may have missed is that they spun off all their upstream assets earlier this year. They no longer produce any oil or natural gas.
You seem to be begging people to tell you to sell, so I will oblige. Go ahead, no reason at all for you to hold given the way you feel. I recommend you sell on Monday.
There are several reasons to hold, even increase, one's position in PVX: it's in a sector whose product everyone requires, it will pay 4.5%, it's a particularly well-managed firm, and it trades sufficiently such that it is liquid.
Well, buys are usually different from holds. Here buyers are looking for capital gains, with a good divy while they wait. I'll let holders speak for themselves, but lower yields are becoming a more general fact of life. High yielding alternatives are still out there, but they are getting scarcer and scarcer, and you have to dig deeper to have any confidence that they will continue. Just my 2cents. Holders, let's hear it.