A.I.M. Users Bulletin Board

[SFSecurity]

Hi Gang, I suspect that Chevron, CVX, is worth looking at. It was reported they lost ~$850 million last quarter.

This is the first quarterly loss since 2002. "Chevron's full-year 2015 profit of $4.6 billion is the lowest annual total in 13 years." (Dow Jones)

The stock is quite volatile as it was at ~$75 less than ten days ago and closed at ~$86 today, before they revealed last quarter's results.

I'm going to put it on a watch list as it looks like their credit rating, currently AAA, will be downgraded so might fall down to to the 52 week low making it a good candidate for going up over the next couple of years. If oil continues down, combined with a credit rating downgrade, Chevron might drop below the 52 week low. Also the dividend is $1.07 quarterly, ~5%/year. If they cut the dividend it is likely to put more pressure on the stock price.

Who knows when, but it is likely that oil will rebound down the road somewhere.

Best,

Allen