It just got kicked out of the dow
18 replies (most recent on top)
@8buf Oh Buffy boy, now XOM's dividend is in peril huh? Will CVX follow? Did you need this stress? You can always diversify and buy Macy's...Funny thing that this site name you Buf...long overdue it seems.
@8bsa, Yea we all already know about the salt in your wounds, you've showed your hand already, there's no use in digging yourself in any deeper. Keep on reaching and trying to prove yourself relevant investment-wise. It's precious!
@8bdr In this you are right, I bet and won big between March and June. My funds are invested in greener pastures since then, enjoying healthy dividends and yields. I’ve making a k–ling this week by the way.
But you dear Oracle, drank the Kool Aid and are stuck with a couple of limping nags until God knows when.
I’ve learned from your mistakes.
@7qei, that's too bad that you missed the boat as you say, obviously bet on XOM (and possibly CVX) and lost, and you have to keep whining on this thread anonymously about it trying to convince yourself and others otherwise.
There's no shame in admitting that you are a poor investor and made bad decisions like you did, lil fella. Try a different strategy next time and stay away from your failed market timing attempts, as you apparently think you can do.
@7kbh Keep telling yourself your "tale of a savvy investor".
The play was really simple on both of them, buy low (March), sell high (June) and move on like many of us did. Hard pill to swallow to realize that you missed the boat but trying really hard finding consolation in reinvesting dividends to short the missing opportunity. No Kentucky Derby for your limping horses.
Keep eating your fruits, they are good for you and will help those stomach cramps that are knocking at your door. Oranges and Apples, how entertaining. Somehow those Pre-K lessons stuck with you.
Oh, Warren Buffett wants your number.
@7ehg, I own both XOM and CVX, bought at the same time, dividends reinvested, and my CVX is worth 40% more than my XOM. Imaging that you start with 5 apples and 5 oranges, then at the end of a cycle, you have 10 apples and 14 oranges. The oranges would be your CVX holding.
I knew I had to simplify it down to the most basic kindergarten terms for you to potentially comprehend since you are not investment savvy. Let us all know when it begins to sink in.
No transition for me, but others thank you for the sentiment.
@3txj I do not own any XOM / CVX stocks either but even with the downside, XOM is still beating CVX in yield (a complex term for you, I understand). CVX's folks getting humble these days, realizing that the fantasy of a sky rocketing stock price is slipping away. Good luck in your transition.
Not really, @1jic. You can say CVX was a pen stroke away from being removed from the DOW, but doesn’t mean anyone was about to get a massive haircut because of it. CVX is a stand-alone company and it’s shares still would have been listed in the upper tier of the S&P 500 and well as other indexes in the US Stock Market. Think a little bit before you speak, at least that way you could “appear” to have some smarts.
Dividend yield alone means diddley squat if the stock price tanks, indeed the yield goes up more if that happens it DOES NOT mean the corp. is sound indeed usually is an indicator its in trouble. You could find Exxon lowers the dividend even more then you won't be so smug! The FACT that Exxon just removed the employee stock matching in 401K might be an even more serious omen given that if they are having to go to those kind of lengths, it might really be in trouble.
Chevron will be dropped from the dow soon enough.
@2bgc, In the last year, CVX is down 29% and XOM is down 43%. So even with the dividend you did better with CVX. I take it investing is not your strongest suit. I don't own any shares of either, FYI.
Exxon is superior to Chevron but you need to be productive to work there or you’re gone. Chevron has way more people hiding behind the people actually doing all the real work. Hopefully eventually CVX will figure it out.
XOM is still beating CVX in dividend yield (8.81% vs. 6.11%). At $ 39 vs. $ 85, I see no way I can maintain a big portion of my retirement in CVX stocks. Sure, CVX is still an "Aristocrat", but a limping one, and sooner rather than later, those happy campers who have more than 30% in CVX retirement asset allocation will pay the price for the audacity.
But hey, in every town hall a new slide is presented showing CVX at the top of the TSR pack...with different timelines though.
@psy looking forward to being given 48 weeks severance, all that filthy lucre to spend and I no longer have to deal with brain dead catatonic brown nosing middle management in this company
CVX is the only energy company in the DOW now. If you are stupid enough to have more than 25% of you ESIP in Chevron stock you were a pen stroke away from you portfolio taking a massive haircut
you too
And you will soon be kicked out of your job.
Chevron is two years behind as usual 😁