with a boat load of CVX stock. What should I do?
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Bit late but ... if you work in oil and gas you know it's cyclical. The time you're most likely to get laid off is when CVX is down. It's hard not to want to buy when we're down, but it helps you sleep at night.
Me too. I’m holding until it gets back to within ten percent of where it was before the crunch. I’m out after that. I appreciate leadership pumping the stock to the street but I think the glory days of oil and gas stocks are gone. I need growth at this point in my life. Not a dividend.
hold. don't make the mistake of selling while it's down. Buy as much as you can tolerate at this bargain price. It won't last long.
I would also recommend insider buying from the exec staff. From Mr Wirth on down. Of course track the selling as well. IMO
We are just at the start of a major depression. Oil is not going to rebound any time soon
If u are an employee be careful , keep selling the Cvx esip, having too much in chevron is naive, not only is your holding down 60% you also can lose you Job, double hit
Buying more in bear market is vey dangerous, the bottom is not in imho
I added a good bit of CVX last week. Normally I never hold stock in a company I work for, too many eggs in one basket and all that, but last weeks price was a steal!
It’s hard to tell how long it will take for CVX stock to rebound. There are several factors you need to consider. Did you to buy a large amount at a particular time? If so, you may want to wait a few months before deciding if you should sell and try to make up the losses by investing in stock in a rising sector of the market. If your CVX holdings are only 25% of your portfolio, maybe the best choice is to stay the course. Chevron is a good stock that pays an excellent dividend. Hold your position until your cost basis is returned. At that time, if the energy sector is still struggling, cut your losses at break even and invest somewhere else. I was in this predicament twice in my Chevron career, and I was still working. I got out of CVX after recovering my losses and never held over 5% of any major oil stocks again.
it will take some time but we will see $120 stock again. Did you buy the stock or get it from 401k match like I did mine? I got a boatload too (25% of my 401k) but I still got 15-20 years to work so I am going to ride it out. Chevron will be around for a long time and their dividend makes up for the losses.
What price did you purchase it? Chevron stock will slide back down to the $50's. Don't sell, just buy more at an even higher dividend. The crude oil surplus of today will not last. Chevron will not ever cut the dividend unless the company was in dire survival mode, like Oxy and Apache. Don't panic.
Keep buying
Stay on the boat until it gets back to port, dont jump overboard.