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re: BP drop watch thread

Posted on 12/10/14 at 9:49 am to
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
80856 posts
Posted on 12/10/14 at 9:49 am to
The big guns like CVX and XOM have GROWN their dividend every year for 30 years. That encompasses the oil crisis of the 80s and 2008. GROWN their dividend. To think that it would be completely eliminated is even more far fetched than BELOW $40 oil
Posted by bayoubengals88
LA
Member since Sep 2007
19264 posts
Posted on 12/10/14 at 10:09 am to
quote:

The big guns like CVX and XOM have GROWN their dividend every year for 30 years. That encompasses the oil crisis of the 80s and 2008. GROWN their dividend. To think that it would be completely eliminated is even more far fetched than BELOW $40 oil

Yes. At the very worst, dividends will cease to grow. The chances of a dividend being eliminated by XOM or CVX is zero. zero.

And the chance that the dividend will decrease is extremely slim.

I'll eat all the crow if I'm wrong.
Posted by GBPackTigers
Louisiana
Member since Sep 2009
1146 posts
Posted on 12/10/14 at 10:45 am to
People will get rich off these stocks in a year or two if they buy at these discounted prices. All will be up 15-20 dollars a share at that time compared to today prices.
This post was edited on 12/10/14 at 10:46 am
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