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Strategies & Market Trends : Value Investing
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To: Paul Senior who wrote (55827)8/10/2015 2:30:32 PM
From: Paul Senior  Read Replies (1) of 78667
 
CVX. I added a bit to a small losing position. If we're going to remain in this oil price environment for many years or more, then perhaps these behemoth oil giants aren't going to survive in a way we might have otherwise expected them to.

Otoh, by metrics, looking back ten years, I don't see where CVH has until now traded almost as low as its stated bv. (1.1x). I'll bet on the stock recovering in the next two years. But small bet only though -g-
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