VIENNA — International inspectors confirmed Saturday that Iran had dismantled large sections of its nuclear program, as agreed in a historic agreement last summer, paving the way for the lifting of oil and financial sanctions by the United States and other world powers.
Expect a steep dive in crude price as the market opens and a slaughter in a he oil patch!
2v1x - Cough, cough, bullshit.
your so lucky,you should count your blessings,,chevron gave me 2 heart stints a bad worn out back at 63 now I have to use a cane to walk.they want me to leave now because im a hazard to their safety record..my 401 is shot my heart is shot and my back is shot...see what hard work gets you....no golden years for me,,,,just death
@FtOqino-2vlx. Attaboy! You will have a guaranteed trading career.
I sold all my CVX stock ($695,000) back in June 2014 as soon as it dropped a buck from it's all-time record high. I got back into CVX on 3 other dips since and sold near its peak each time. On the last dip I bought $450,000 of CVX at $69.xx and sold at $90.xx not long after. Chevron helped me build my portfolio to $1.37 million currently and I no longer own any O&G stocks. I still hold some investments in an S&P 500 index fund and a few individual stocks, but almost 90% is in a short-term treasuries (money market) account, waiting for another dip soon.
A split doesn't directly affect the value of your holdings, only indirectly, if it triggers sales at the fictitiously more attractive price. Sometimes the value drops in addition to the split, anywho. And who's to blame for a person holding too much CVX or any other O & G or energy stock? Take a look in the mirror. You could have sold every share any time you wanted!!!
I'm laughing my ass off, @1moi. You sure have a great sense of wit and humor. Excellent what you said... "Everyone said Chevron stock was going to split at 130, and it did alright. Only backwards." I'll remember that gem of a quote for a long time. Thanks (still laughing with tears).
stock was 129.00 2years ago now at 80.00...times 2,500 shares that's 50.00 less a share and getting worse....everyone said it was goin to split at 130.00..it did all right backwards..thats ok ill just get on welfare..
Losing 100000 on what base? If your 401k is 1 million, 100000 is just 10%, on 500000 it is 20%. Still all within normal fluctuations
Sorry to hear you took a hard hit to your retirement savings. Many people did. CVX stock took a big hit, but so did the S&P 500. Stay the course, as the markets will eventually right-size. The only question is how long that may take.
lost 100,000 in my 401k,when will it end,,,,63 and broke.cant retire now until im 100
Controlled production was the order of the day, until the Saudis got THIS bee under their bonnet, "to protect their market share", although it is more likely intended to inflict as much financial harm on Iran and Russia as possible (it's becoming ever more harmful to the Saudis, too). Short of an all out war, and, for the Saudis, THAT's not really feasible, continued over-supply is all they've got left to "fight" with! Iran and Russia, on the other hand, may be disposed to launch physical attacks on Saudi oil fields. They are, in fact, busily stirring up Houhti rebels, in Yemen, right now, and we've all read about the recent rise in tensions between the Sunni and Shia sects, over the last several weeks. Whatever happens, it's shaping up to be messy. But, with the incredible amount of wealth currently being lost, it's difficult to believe that it can be allowed to go on, much longer.
He signed it today
It's shortsighted to say "leave the oil in the ground". Of course, if nothing else mattered, that would be the common sense solution to lessen supply and drive up demand (and prices). The flaw to this casual remark is that most oil producing countries rely almost exclusively on their oil to fund their country's economy and social programs. Leave it in the ground is not an option. As supply has increased around the world, prices have naturally declined. This is a Catch 22 situation for the oil exporting countries as now they are forced to pump more oil to not fall short on their oil revenues to run their countries.
Everyone is digging each other's graves
With oil becoming more abundant than water, and the prices about to fall into teens, who the heck is really going to gain? I mean which of the producers will benefit from it? Nobody. Yet they keep producing like crazy defying all economic laws! When is this going to end? Hello, you dumbasses, Leave the damn oil in the ground. It will be worth a lot more later!