We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Investor2 who wrote (56693)1/19/2016 12:03:38 AM
From: Paul Senior  Respond to of 75788
Hi I2. XOM/CVX: If oil stays down, they're either expensive or fair-valued. If oil moves up, maybe to $60 or more this year, then the stocks are cheap now. I am avoiding both companies at current price. Too tough for me to value--I defer to others on the thread who may see the outlook or these companies more clearly.

To: Investor2 who wrote (56693)1/20/2016 1:15:20 PM
From: Wallace Rivers1 Recommendation

Recommended By

  Read Replies (1) | Respond to of 75788
FWIW there has been more talk "on the Street" about CVX cutting its dividend than XOM. The screens I use (from my Fidelity web site) show CVX with a dividend payout ratio of 93% and XOM of 63% (as of 9/30/15). I've also seen the CVX CEO on TV saying the dividend is a very important priority, the implication being the company, in my mind, would cut only as a last resort. My screens also show CVX with a book value of $82 on 9/30, so it is trading below that figure, but again that is a moving target. XOM at about $41 as of 9/30.