Chevron: Why Are You Still Holding?
Despite a weak Q1, Chevron trades at towards the highs of the last year.
The company remains far from cash flow neutral, especially if oil prices have peaked.
Investors have to wonder if holding the stock at recent highs is worth the risk.
After reporting a large quarterly loss and missing analyst estimates, Chevron (NYSE:CVX) still trades at yearly highs over a week later. In fact, the stock trades near the levels from 2013 and 2014 when the price of oil was nearly double the current level.
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