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re: BP drop watch thread
Posted on 12/10/14 at 9:49 am to I Love Bama
Posted on 12/10/14 at 9:49 am to I Love Bama
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 on 12/10/14 at 10:09 am to TigerTatorTots
quote:Yes. At the very worst, dividends will cease to grow. The chances of a dividend being eliminated by XOM or CVX is zero. zero.
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
And the chance that the dividend will decrease is extremely slim.
I'll eat all the crow if I'm wrong.
Posted on 12/10/14 at 10:45 am to TigerTatorTots
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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