Doubt if prices jump back anything like that but it sure looks like a lot of oil stocks have bottomed. and there is a LONG way back up from here. The wall of worry looks like a mountain from here to be climbed.
VZ throwing in the towel on idea you could stop oil development in the US. The best OPEC can do is lower their revenue and defer some US production while they run their sale. Not exactly a game they can ever hope to win seems to me.
And it's a bargain at $127k, I'm actually buying 3 for my 3 teenagers, and 2 more for the wife and myself. Selling the paid off house to pull it off but how can you resist a 103 out of 100!
I think between the dividend, the low PE and the amazing P/S ratios compared to GM, this is a screaming buy to 1000 and beyond, 500 is way too low for this bad boy.
They eliminate the Dividend or something? I'll continue to reinvest and wait for some sanity to return. Insiders always sell as they get too many free shares pretty much at every company
I'm riding a rocket straight down today. Did they eliminate the dividend or something also beyond soft earnings and revenue?
Gulf States are below breakeven costs now according to some estimates so not 100% sure the Saudis are going to game the system forever to simply eliminate some producers that will immediately return/be replaced as soon as they give up on reducing their own profits. Of course one good fighter jet run from Israel to Iran would make things real interesting, real fast, for US production. No one really knows though when you have oil predictions running from $20 to $100 and that is for certainty a fact.
Then again oil may start going back up tomorrow and keep going to $70 and beyond like 2007-2008
I agree, buy with 2 hands, strong dividend support, no need to borrow ever, PE in single digits, P/S multiple a fraction of GM, gas prices at all time highs so electric cars look fantastic by comparison, and price point on vehicles that even someone on welfare can handle the payments. Down side support is a locked in gimme. Hit Competitors on TSLA, who in their right mind wouldn't buy TSLA over GM
fat chance, of course that ignores the multi-millions of other cars Nissan sells
I agree, buy with 2 hands, strong dividend support, no need to borrow ever, PE in single digits, P/S multiple a fraction of GM, gas prices at all time highs so electric cars look fantastic by comparison, and price point on vehicles that even someone on welfare can handle the payments. Down side support is a licked in gimme
It's a 619 billion with a $B company, therein lies the problem. There are going to be used iPhones out the wazoo just from Sprint leases alone. Not really sure how Sprint makes that even work.