Chevron Flashes Buy

Adam Feik - INO.com Contributor - Energies


You read that headline correctly. Don't look now (you might jinx it), but Chevron Corporation (NYSE:CVX), the large integrated oil major, now sports green monthly and weekly Trade Triangles on its MarketClub chart. And this with oil at $35 per barrel.

CVX has given back about 29% of its value since closing at $134.85 on June 24, 2014 (on a price-only basis). At its worst, the stock's peak-to-trough decline was nearly 47% as of this August 25th, when CVX closed at $70.02. Wednesday's closing price was a much better $93.44 – good for a cool 33% gain for anyone lucky enough to have caught the falling knife right at its recent bottom.

CVX is now down just 12.9% for 2015 year-to-date (YTD) when including dividends. On a 3-year annualized basis, CVX shares have lost 0.6% annualized, and on a 5-year basis, the number is +4.77% per year. All those performance numbers are on par with Exxon Mobil Corp. (NYSE:XOM) and other integrated oil majors. You could safely say it's been a wild ride for all of them. Continue reading "Chevron Flashes Buy"

The Winner Of The Natural Gas Boom Isn't Who You Think...

By: Jim Nelson of Street Authority

The energy market is officially broken.

That's according to the International Energy Agency (IEA).

On November 10, the group announced that oil prices will remain low for a long time.

Next year, the agency is forecasting a barrel of crude will go for just $60... and only $80 by 2020.

For hundreds of U.S. companies caught up in the shale oil boom over the last decade, that's disastrous news. At $60 a barrel, many oil companies will not generate enough revenue to break even. Continue reading "The Winner Of The Natural Gas Boom Isn't Who You Think..."

Article source: http://www.streetauthority.com/node/30621371