Your comment is opposite the facts. Crude has been in a recovery mode of late. Everyone understands that energy rev's will begin ticking up for the biggest players in the industry, of which one is CVX. Further, CVX is poised to complete their two big Aussie NG projects, which will be a huge rev driver.
If your scenario is what you see, then probably the best thing for you is to sell your downtrodden shares now. That way, you'll complete the "buy high, sell low" fate of the typical retailer. If you've got the stomach for it, though, why not hang in there, collect another 2-3 quarter's worth of div's, and watch your shares continue to recover.
CVX will not cut the dividend. That is a foregone conclusion. Furthermore, the 52 week low is in (69/sh), which we won't see the likes of again. The longer-term trend is up.
The stock of a purchaser typically drops after an announcement. But, no matter .... CVX is an excellent long-term investment at any rate.
" China’s economy shows signs of slowing ..."
So where have you been for the last 18 months?
" U.S. oil output remains elevated. "
U.S. oil output is dropping, along with with weekly rig count.
Chevron is a good long-term investment. One of the most significant drivers are the two Aussie NG projects coming online by 2016. Short-term, oil will continue to fluctuate. Increase position over time to hone in on the outstanding dividend.
Energy investors are looking down the road as the crude market continues to re-balance, and esp. in CVX's case, when their two huge LNG Aussie projects come online by 2016. CVX is in for a big boost.
Tesla presently is not profitable, as both GAAP and non-GAAP define "profitable". The "buildout" as you state is based on increased debt load. Further, why do you think Tesla is issuing more company stock? Your enthusiasm for Tesla, which personally i concur, needs to be tempered by facts.
All of your trading theory jibber-jabber has no relation to the reality of a glutted crude oil industry. Until the glut is seriously curtailed, there will not be any consistent re-pricing of crude. (Either that, or the Yemenese rebels blockade the Suez canal ..... OR, Israel decides to bomb Iran ..... OR, ___________________ .....
(fill in the disaster scenario blank as desired.)