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Started By
Message
re: XOM stock (also other major oil stock talk)
Posted on 6/27/15 at 9:27 am to 632627
Posted on 6/27/15 at 9:27 am to 632627
I'd prioritize appropriate position sizing and asset allocation, I cringe when I hear people say "I'm going all in". I mentioned earlier in this thread, I'm accumulating CVX for my kids trust, I feel its one of the best long term value plays right now. If you do go heavy on these be a disciplined long term investor and don't sell if things get worse.
1
Posted on 6/27/15 at 9:59 am to misterc
quote:
misterc
Give cvx time. There is more downside coming.
Posted on 6/27/15 at 11:25 am to jlu03
Yeap, with the news regarding Bigfoot, I'd wait awhile.
Posted on 6/27/15 at 12:35 pm to TJG210
Is Bigfoot that important to Chevron? I'm asking because I don't know. It seems like Bigfoot's production and resulting revenues would be a drop in the bucket for CVX, even with lower oil prices. Has CVX cut or seen lower production elsewhere to make this project more important?
Posted on 6/27/15 at 1:00 pm to Omada
It's a $5 billion dollar asset that was supposed to see production last year, now it may not produce until 2017. I'm sure that's a significant hit. I guess a lot also has to do with how fast they can get gorgon and Wheatstone on line in Australia.
It just seems like they have a lot of money tied up right now, with little to no production from those wells.
It just seems like they have a lot of money tied up right now, with little to no production from those wells.
This post was edited on 6/27/15 at 1:02 pm
Posted on 6/27/15 at 1:11 pm to jlu03
I do not disagree with that in the short term......
Posted on 6/27/15 at 1:44 pm to TJG210
quote:
It just seems like they have a lot of money tied up right now, with little to no production from those wells.
This makes sense. Bigfoot problems alone wouldn't be a big deal: quarterly revenues for CVX are $30-40 billion at today's oil prices, and Bigfoot would contribute <$200 million per quarter next year. Have an upvote.
I'll also mention that I read on CVX's website that their production from the Agbami field offshore Nigeria has been declining, so they are going to set up more wells there to maintain production capacity. Here is the LINK.
Posted on 6/27/15 at 1:54 pm to Omada
The future certainly looks bright, the key is jumping in at the right time to maximize your gain. Eventually it will pay off in spades, just maybe not as quickly as some of the other companies.
Posted on 6/30/15 at 10:57 am to Omada
Does anyone know why RDS-B is performing worse than any major O&G lately?
Posted on 6/30/15 at 12:00 pm to bayoubengals88
Was wondering the same
Posted on 6/30/15 at 12:35 pm to bayoubengals88
I think it has to do with the feeling that they are over paying for BG group.
Posted on 6/30/15 at 12:56 pm to GoldenD
What is the difference between rds/a and rds/b?
Posted on 6/30/15 at 1:05 pm to TJG210
Rds-a is from the original Royal Dutch Shell company and is based in the Netherlands while Rds-b is from the Shell Transport and Trading Company listed in the UK.
A has first access to assets in event of bankruptcy while B has voting rights.
57/43 split as far as company ownership is concerned.
A has first access to assets in event of bankruptcy while B has voting rights.
57/43 split as far as company ownership is concerned.
Posted on 7/1/15 at 1:47 am to GoldenD
quote:
Rds-a is from the original Royal Dutch Shell company and is based in the Netherlands while Rds-b is from the Shell Transport and Trading Company listed in the UK.
A has first access to assets in event of bankruptcy while B has voting rights.
57/43 split as far as company ownership is concerned.
correct me if I'm wrong, but RDS-B is the stock us Americans should purchase because the dividends on the A shares have a small percentage taken out to pay some European tax?
Posted on 7/1/15 at 1:52 am to 632627
quote:
I'm seriously considering cashing out large positions in aapl, t, gild and some others and going almost all in on the big names in oil(xom, cvx, rds and cop). I'm 33 and this is a buy and hold for 30 year strategy..... Am I insane?
Certifiable.
Invest in their subsidiaries. Unfortunately, this is all I can say, being I'm held under a NDA.
This post was edited on 7/1/15 at 2:28 pm
Posted on 7/1/15 at 8:46 am to 632627
Yes, A falls under the dutch tax code where the dividends are taxed something like 15-25%.
Posted on 7/1/15 at 10:25 am to Tiger Bawlz
quote:what?
Invest in their subsidiaries. Unfortunately, this all I can say, being I'm held under a NDA.
Posted on 7/1/15 at 12:54 pm to 632627
quote:I'll agree with Tiger Bawlz that it is a bad idea, but for different reasons. Going all in on oil stocks leaves you undiversified, so if (or when) oil takes another hit, your portfolio does the same. Plus, AAPL and GILD are solid companies that should make you a fair bit this year. Since oil is not going to $100 anytime soon (barring a black swan), oil stocks most likely won't provide the same returns, long term or short term. Selling T to buy oil stocks may not be a terrible idea, though.
I'm seriously considering cashing out large positions in aapl, t, gild and some others and going almost all in on the big names in oil(xom, cvx, rds and cop). I'm 33 and this is a buy and hold for 30 year strategy..... Am I insane?
Posted on 7/1/15 at 2:39 pm to Omada
quote:
Selling T to buy oil stocks may not be a terrible idea, though.
If you know what companies to invest in, and it's not the Seven Sisters. I'm done with this conversation before I get fired and never find another oil job.
Posted on 7/1/15 at 3:01 pm to Tiger Bawlz
quote:
If you know what companies to invest in
Go on...
Any thoughts on EXXI while you are here?
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