This is not good for anyone.
9 replies (most recent on top)
It will only get worse. There is such a gigantic build up in storage, that when this insanity ends, it will take a while to work that back down. Worldwide demand has dropped by 10 million barrels per day. That will not recover quickly.
Once in a lifetime buying opportunity for oil stocks, including chevron!!
I think he is talking about closing prices
RIGHT!!! I think you are correct! $19.84 this is not good.
https://www.marketwatch.com/investing/future/crude%20oil%20-%20electronic
WRONG!!! WTI Oil did not once go below $20. Not today or this year. WTI hit a low of $22.63 today. Stop propagating lies.
Chevron dividend almost 9%. When this stock gets close to $50, I'm buying a couple hundred shares. No way will the dividend be cut. Just more projects and employees.
Oil industry shoots itself in the foot every time - you get greedy, you pump like crazy, you over-supply, the price drops, you lose jobs. What is the the surprise?
At least the wait is over. Everyone knew that this was going to happen. Many Chevroids will be gone soon.