Cvx

Discussion in 'Stocks' started by Apex Capital, Oct 19, 2005.

  1. Looks like Chevron is reaching its measured move target of the low $56.00 area.

    First move down from the highs was from $66 - $60 = 6 points.
    Subtract 6 from the most recent counter-trend pop up to $62.00 and you get $56.00 for the classic "measured-move".
     
  2. aresky

    aresky

    RESEARCH ALERT-Goldman added Chevron to its conviction buy list

    Oct 13 (Reuters) - Goldman Sachs upgraded Exxon Mobil Corp (XOM.N: Quote) to "buy" from "neutral" and added Chevron Corp (CVX.N: Quote) to its conviction buy list, saying the companies have particularly strong balance sheets, sustainable cash flow and lower commodity price leverage.

    Analyst Arjun Murti said valuation of both the companies were compelling, following the recent sell off in their shares.

    "With a $30 billion positive net cash position and ability to continue to achieve industry-leading returns on capital, Exxon should represent one of the premier 'safe-haven' stocks in the broader market," Murti said in a note to clients.

    The analyst said Chevron is nearing the point at which exploration and production volumes are beginning to turn positive, which could be a key catalyst for the shares, and that the company offers an attractive cash flow yield.

    http://www.reuters.com/article/marketsNews/idUSBNG11535520081013
     
  3. aresky

    aresky

    Exxon Mobil Upped at Oppenheimer; CEO Says Share-Buyback Plan May be Adjusted
    10/20/2008 1:27 PM
    Keywords: XOM CVX VLO HES

    Exxon Mobil (XOM: sentiment, chart, options) is up more than 6% this afternoon following an upgrade from Oppenheimer. The brokerage firm raised its opinion on XOM from "perform" to "outperform," and also upgraded 16 other stocks. Exxon's fellow Dow component Chevron (CVX) received an identical upgrade, as did Valero Energy (VLO), Sunoco (SUN), Hess Corp. (HES), and Murphy Oil (MRO), amongst others.

    In other Exxon news, CEO Rex Tillerson asserted that the credit crunch isn't affecting business at the world's largest energy company (by market cap). He also noted that Exxon doesn't plan its business around $100-per-barrel oil, but that "it is too early to tell" what effect the recent slump in oil prices might have on spending. While XOM's 5-year capital expenditure plan "still looks pretty much in place," it's possible that the company's stock-buyback plan may be adjusted, Tillerson told reporters at an American Petroleum Institute conference.

    http://www.schaeffersresearch.com/c...tionbytes.aspx?single=true&byteID=88560#88560"