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  1. #1
    Veteran Member Ammeo's Avatar

    Chevron's Upstream Production Outlook Supports $145 Value !!!

    California-based Chevron is the second largest energy company in the U.S. after Exxon Mobil (XOM).
    Chevron generated more than $230 billion in revenues during 2012 while net earning totaled more than $26 billion. The shares are trading around $125 currently.

    The current consensus among 25 polled investment analysts is to buy stock in Chevron Corp. This rating has held steady since May, when it was unchanged from a buy rating.

    I found a very nice article on Forbes.com which explains all the insights on the asset and company's future outlook.
    http://www.forbes.com/sites/greatspe...ction-outlook/

  2. #2
    Active Member rockettrader's Avatar
    Thank you Ammeo! It was really interesting and insightful article on the future of this second of the biggest US energy company. If the analyzes is really right the current price could be way undervalued and also good for entering into monthly Calls. As I am not very good specialist in oil and energy stocks I will wait till some price action indications showed to me that the current price levels are good to enter.

  3. #3
    Legendry Member Michael Hodges's Avatar
    if you check out the oil index charts it supports a bullish outlook on oil stocks in general, this is a great play in the sector....Ammeo, what broker do you use that has options on Chevron. Click image for larger version. 

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  4. #4
    Veteran Member Ammeo's Avatar
    Quote Originally Posted by Michael Hodges View Post
    if you check out the oil index charts it supports a bullish outlook on oil stocks in general, this is a great play in the sector....Ammeo, what broker do you use that has options on Chevron. Click image for larger version. 

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    OptionBit has options on Chevron bt i think it doesnt accept US citizens..

    Zoom Trader is another broker that has options on Chevron bt im not sure how much regulated it is..

  5. #5
    Legendry Member Michael Hodges's Avatar
    Thanks, I'll check out optionbit.... this regulation/no regulation U.S/No U.S. trader thing plus the huge differences between broker asset lists has got to stop. I really wish there was some way to get the industry standardized and globally acceptable....

  6. #6
    Rookie Member
    Quote Originally Posted by Ammeo View Post
    California-based Chevron is the second largest energy company in the U.S. after Exxon Mobil (XOM).
    Chevron generated more than $230 billion in revenues during 2012 while net earning totaled more than $26 billion. The shares are trading around $125 currently.

    The current consensus among 25 polled investment analysts is to buy stock in Chevron Corp. This rating has held steady since May, when it was unchanged from a buy rating.

    I found a very nice article on Forbes.com which explains all the insights on the asset and company's future outlook.
    http://www.forbes.com/sites/greatspe...ction-outlook/
    Chevron is a great company, but its valuation is too large to be taken as riskless investment. Current price is $125 and continue to climb higher. There is good chance that this bullish trend will continue but it is not granted. It will largely depend on the crude oil price fluctuations. If there is unfavorable movement in the oil prices the Chevron stocks will follow it sooner or later.

  7. #7
    Legendry Member Michael Hodges's Avatar
    I would look to oil prices moving back toward the $100 level after next weeks round of monthly U.S. economic data.

  8. #8
    Veteran Member Dan21's Avatar
    I think the same Michael. A big round of positive economic data is coming ahead and it will propel the oil price higher.

  9. #9
    Legendry Member Michael Hodges's Avatar
    Quote Originally Posted by Dan21 View Post
    I think the same Michael. A big round of positive economic data is coming ahead and it will propel the oil price higher.
    Word.....next week should show a gain in jobs, drop in claims and hopefully a boost in housing...

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