Post by
Lou793 on Apr 28, 2022 10:36am
Steadily Climbing
There is no rhyme or reason why CVX is climbing. Is someone or some institution slowly accumulating? The percentage increase is significant over a matter of weeks.
Comment by
kingscorpion on Apr 28, 2022 10:47am
There's plenty of reason why CVX is climbing 1st we are in the season for constructions 2nd insiders might know something that is about to be unveiled 3rd The way it came down to a low of .22c was NOT its true value So going g up it is moving towards its true value
Comment by
Lou793 on Apr 28, 2022 11:47am
There have been countless government infrastructure projects announced on both sides of the border and still CVX went down. Why now when mostly everything is getting smoked - energy the real exception. Maybe because at the root of Cementrix' inception, it primarily serviced the oil and gas sector and institutional investors are making that link.
Comment by
kingscorpion on Apr 28, 2022 11:56am
1st because they are moving away from growth stocks and moving into value stocks. 2nd CVX true value is NOT .22c when it hit earlier especially when it has $20 mil in cash and $82 mil in contracts Perhaps its moving up because they just scored a bug contract soon to be unveiled