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Colin Lea
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The author is Australian with a long term interest and personal stake in financial planning and management. He works within the Financial Services Industry, is a member of the FPA Australia, and is a Certified Gold Seeking Alpha Contributor. Prior professional background of 20 years in military... More
My company:
Carey Group
  • Timeline Of Recent Chevron Legal Developments 6 comments
    Nov 27, 2012 1:09 PM | about stocks: CVX

    The following shows the 3 month performance of Chevron (NYSE:CVX) share price with recent legal decisions mapped against it.

    (click to enlarge)

    The plunge in share price commenced in line with the legal announcement on 09th October 2012, not following Chevron's 3rd Quarter earnings announcement on 02 November 2012.

    Disclosure: I am long CVX.

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Comments (6)
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  • saratogahawk
    , contributor
    Comments (1800) | Send Message
     
    Interesting that the drops (though significant) are only in the 5-10 point range. Bad but not horrible since this has been a weak energy market recently anyway. Thanks for doing this. Very interesting to see graphed.
    27 Nov 2012, 01:36 PM Reply Like
  • Colin Lea
    , contributor
    Comments (578) | Send Message
     
    Author’s reply » I thought the visual might add a slightly different perspective of the issues as they stand, glad to see you found it useful 'saratogahawk'.

     

    Regards, Col
    27 Nov 2012, 01:38 PM Reply Like
  • saratogahawk
    , contributor
    Comments (1800) | Send Message
     
    Curious how the CVX prices drops would match up in timing to some energy tracking stocks or ETFs? Do you have anything like that? Maybe CVX didn't just react to the decisions but also to this very weak energy market? As I am only speculating I really don't have any idea.
    27 Nov 2012, 01:41 PM Reply Like
  • Colin Lea
    , contributor
    Comments (578) | Send Message
     
    Author’s reply » Not something I have looked at yet, but will probably do so to see what the correlation is to broader energy markets. Interesting suggestion, Thanks.
    27 Nov 2012, 01:47 PM Reply Like
  • saratogahawk
    , contributor
    Comments (1800) | Send Message
     
    I read your bio. Australian military? Very interesting.
    27 Nov 2012, 02:40 PM Reply Like
  • Colin Lea
    , contributor
    Comments (578) | Send Message
     
    Author’s reply » Yes, Australian military; been very fortunate to have spent the last two years in the United States but heading home soon.
    27 Nov 2012, 03:11 PM Reply Like
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