and today, is that the market also? or is it the atrocious loss
i must have you mixed up witth the instant gap down we just saw in 10 minutes
88? where did you arbitrarily choose the number when it was 100
divestment is a balance sheet and dividend conservation tactic... their debt load increased dramatically in the past year, and their cash burn is higher... considering the dividend at current and increased levels... it is actually going to eat into their earnings on the upstream side so 130 is aggressive considering their earnings will not be what they were due to less ownership of cash flowing assets... they are simply making their balance sheet less risky, but that means they won't go as high as well.
yea - i dunno with total and bp and statoil beating it seems fairly SHORT TERM bullish... however i don't know if that trend will last its all about oil prices now
news today - that is a pretty stunning move
no position as of yet, but this is something else... really is... and did you see the 210 earnings target??? phew... unbelievable
fact: you are a useless pumper with zero knowledge. fact: you have yet to offer this board any actual useful info. fact: have you been checking yourself out in the mirror lately? you are looking pretty haggard
honestly i probably did sell a little early, but the stock movement is very funky considering everything and a weak earnings forecast
108... thats 6 dollars per share higher than where it sits at... the downside is 75-80
thats about 22-27 less than where it trades at...
So if risk reward were normal and the market wasnt being pumped by a fed induced quantitative easing structure with people searching for yield... than one would say this is very risky..
if someone were to go all in right now at 100 dollars per share they will be burned badly IMHO....
The analyst firms are pumping chevron and not factoring in the atrocious cash burn rate and downstream segment earnings could be weaker due to weaker crack spreads.. (refiner margins)
I also think the gorgon LNG is a good project, but with all the difficulties and the lower oil and NG prices this is actually less of a positive then it used to be.
good one, how about this, we make a gentleman's bet... i would be willing to put 50 dollars on this but I doubt you will pony up...
this is the gentleman's bet
Stock CVX will be below 101.50 after earnings reports.
so over 101.50 you win the bet, below 101.50 i win the bet.
Gentleman's bet, shall we?
Do you accept?
Sentiment: Strong Sell
disagree, the target of 108 should have been given when the stock was 65 if they knew the true value of chevron, everyone was scared... when the stock was being accumulated by institutions from the recent lows then barclays and a couple other analyst firms were upgrading, mean while if you watch volume on nasdaq it is a clear trend of accumulation then large scale sells, but the volume trickles to the upside and the price momentum continues... this allows major funds to slowly get out of their positions IMO. I know that some of you may see this as a reach, but let's be real if analyst firms cared about the average retail investor they would advise you to accumulate when the stock traded 60-80s when it was at a relatively responsible price to earnings ratio...
To me a stock trading at a 40 x p/e is saying their earnings should be growing by 40x annually... not that I think a 40-80 p/e could not work for a supermajor... but with oil forecasts being 40-60 bbl and profitability still being low earnings wont grow at that rate for quite some time.. realistically chevron should be 80-90 until oil is 60+ again
FYI... seems fairly low... as opposed to KMI which is ~14% held by insiders.. at least XOM is held in the teens at .14% insiders
I wonder who cares more about their shareholders... kind of makes sense now buffett investing in KMI since their interests are aligned with shareholders...
I do not see how this post can get a thumb down... I am just reporting the facts and entry points for KMI, and relating this as to the overall macro risks of chevron
Sentiment: Strong Sell