Chevron halted output

Discussion in 'Wall St. News' started by RiceRocket, Jun 21, 2008.

  1. ammo

    ammo

    i would take that stunt as a prelude to a selloff, a brief blip up in oil to unload your longs,maybe get short as a hedge
     
    #11     Jun 22, 2008
  2. Looks like evolution in progress...fast tracked!
     
    #12     Jun 22, 2008
  3. maxpi

    maxpi

    I saw some guys walking one of those in northeast Los Angeles County last summer.... they had it on a BIG chain too.. not some little doggie thingy...
     
    #13     Jun 22, 2008
  4. Bootsie

    Bootsie


    You're hilarious !!
     
    #14     Jun 27, 2008
  5. Nice try but Chevron would prefer oil go down at this point. Their refining operations are getting killed right now, because they the oil they buy is expensive and the gas they sell

    a) hasn't gone up as much
    b) is declining in terms of gallons/day sold.
    c) is going to be a real crappy industry if everyone is scared away by $5 gas.

    For the record, OIL is up 50% YTD, CVX is up 6%. Not exactly something they want more of.

    http://finance.google.com/finance?q=NYSE:oil+NYSE:cvx&hl=en&meta=hl=en
     
    #15     Jun 27, 2008