Post by
kingscorpion on Aug 13, 2021 10:27am
Glen from IR department
Forgot his last name sorry guys but here's what he says about CVX Thanks (my name), I have been a shareholder long before they were a client. We would not have taken them on as a client if I did not like the business. However please do not manage your portfolio by my opinion on this business. We are an IR firm and not a broker dealer or advisor. Covid happened and is still happening. Delays as a result happened. There is disruption to their industry and customers and CVX as a result. This is out of their control. They did not lose business but some of the orders are delayed. Their backlog has been growing significantly. It was only 10M in 2017 and is 94M today. Significant infrastructure spending is anticipated both in the US and Canada. That should only help. Again, please dont base your investment decisions on what I like or dont like. These are personal decisions based on our own individual financial situation. Our risk tolerance may be different. At the end of the day seek advice from your own stockbroker. I hope this helps.
Comment by
kingscorpion on Aug 13, 2021 10:41am
I just checked the CVX chart Glen says that in 2017 CVX had a back log of $10 mil and when I checked the chart it was trading around .28c in 2017. Now we have a back log of $94 mil and share price is sitting at .36c Where's the justice!!
Comment by
TopStockBuy on Aug 13, 2021 11:01am
It's a quadrulple whammy. Covid, Warrants followed by delays which leads to a bad quater. No reason this stock is worth 20cents (less cash in the bank). This is stupid cheap. Money flows from the impatient man to the patient man. Investors protesting is your golden opportunity.
Comment by
Kalsabor on Aug 13, 2021 10:43am
well he's not gonna say : sell everything you're screwed!!!! But at least they answered back
Comment by
kingscorpion on Aug 13, 2021 10:47am
I would say, like many institutions they are patient investors The fact is that this is still not company problem and has nothing to do with fundamentals of the company as some may suggest. The COVID is out of their control however if a company has a fundamental problem then, you hit the exit button
Comment by
Alwayscrazy on Aug 13, 2021 11:00am
I don't believe in the fundamental with bad bad insult,earnings what it counts, not promises ,empty promises, Jeff Kendrick is a phoney Belogny