Stock is on a tear. How high will it go before taking the inevitable fall?
17 replies (most recent on top)
@1oad and if they had gotten out of the way years earlier, no telling how much more their shares would be worth today.
Sold all mine today at $155. I believe it will go to $160 maybe a little more.
@1ypo, you mean the retired ones who are living large, laughing at the likes of you and watching their stock shares go up? Yea, so much for them.
@1ypo, you’re confusing the price of oil (transitory) with the long-term well being of Chevron as a vibrant, growing company. We’ll see what you’re saying in 5 years…
It's only going up. Europe is going to require a ton of LNG.
Management continue dumping the stock to the tune of another $113 million in the last month.
The IR manager and the CEO of ChevronPhillips. Both nicer and smarter humans than you.
Well Brent is $110 … cvx will be up again on weds
Who were the two tokens on stage with MW today. Definitely not Al or Rhonda. Maybe they were busy and he need some color up front. The man knows appearance. I’ll give him that.
Isn’t it interesting when oil companies are making money there’s a chorus of people condemning them. Yet, utter silence from the same people when oil companies were losing money and even needed yo sell their oil at a loss. No one was “complaining” about the low gas prices while companies were losing billions producing oil…
So much for all the boomers that got run off in 2020 bragging that the company was going to go bust without them.
It will hit $200 by year end, then decline from there over the next decade. Currently no new oil is being added by anyone and the roads in USA are still full of large trucks.
Sold 500 shares today
Today is the peak.
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The market realizes that the Ukraine invasion will not end quickly and will be drawn out. That is affecting the oil markets with the price of oil substantially over $100. The price is not coming down anytime soon because the central banks need to blame the increase in inflation on the increase in the price of oil rather than the true cause of inflation which is the dramatic increase in the money supply, i.e. themselves. O, by the way, any employee of an oil company will become persona non grata, because they work for a greedy price gouging oil company taking advantage soccer moms filling up their minivans. Don't believe me, let's see what Biden says tonight in his speech.
$185