01-30-2015, 04:35 PM
Last time crude. was generally between $75-$85 CVX traded at well under $75. IMO crude will rebound pretty easily to $75-$85 range but I'm expecting it to stay there for a prolonged period. All of my energy buys will be operating under that assumption. One thing for sure, most corrections go well beyond what anyone would expect, therefore CVX at under $50 is not out of the question. I'll be holding back some cash in case that kind of dip materializes.
Alex