Chevron Corp (CVX)
Provides administrative, financial, management and technology support to U.S. and foreign subsidiaries that engage in integrated petroleum operations, chemicals operations, mining operations, power generation and energy services.
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I want to own this in the 60s, or lower.
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Will provide a decent dividend for the next couple of years, price shouldn't drop much. Hold for now, buying time to study and decide whether to sell or continue to hold depending on how it participates in alternative energy.
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Price of oil will trade down into the 50s by end of 2009. This stock will trade down even though the refining business benefits from lower crude.
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Oil companies will underperform the S&P for the remainder of the year due to everyone cutting back expenses. They may bounce back come Spring, but overall I think that a down trend in oil is in the works again.
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I think oil is going back to $40 a barrel.
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Oil upside capped. More pressure on margins. Watch out for lawsuits and legislation.
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If the cost of oil remains low so will Chevron's stock price. Maybe towards the end of 09' there will be some gains here.
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Lack of driving and use of petroleum.
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As soon as this companies starts making any money - the government vampires will swoop in and suck that green blood. Mom has spoken.
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The oil whipsaw and Obama effect will choke the life out of this consistant performer
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Here goes nothing. I just think something is going to happen and oil companies will start to suffer. Just a hunch
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Big oil, it's over. The governments where you are getting your oil want more of the money. Profits are going to go down. How can a few greedy rich men compete when nation pull out this-means-war-card.
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Jubak says oil company stocks are overpriced, overbought and overdone for the short term. Long term he likes them. Intervention in the currency market is a possibility according to Treasury Secretary Paulson and Saudi Arabia sounds concerned about the recent rapid increase in the price of oil. Underperform.
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Might as well get some money back for the price gouging at the pump.
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ALWAYS A PLAY
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Oil prices are peaking and a democrat is getting to win the presidency and ruin the economy. Good company, but I just don't see the run continuing.
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I've never been a bear for anything, and I hope I'm not guilty of simple wishful thinking, but I too believe it's been a great ride and now it's time to get real.
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Chevron appears to have entered a new stable trading range between 80 and 90 dollars a share. I don't anticipate any significant changes unless it's new oilfields come online early.
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CVX has been a great ride, but I think the overall direction of oil is down for a while. Sell now and buy it back after a 20% drop. It'll be a buy at about 75.

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