UK markets close in 1 hour 24 minutes

Chevron Corporation (CVX)

NYSE - NYSE Delayed price. Currency in USD
Add to watchlist
92.09-3.40 (-3.56%)
At close: 4:00PM EST
Sign in to post a message.
  • S
    Sataar
    Nothing wrong with taking small profit if you're that kind of investor. But longer term (vaccine by the late spring) and dividend CXV still way under value stock!
  • G
    Gene Engine
    would be nice for a small pullback tommorow, it's going up too fast.
  • L
    Lean Government
    $65 oil will give chevron $20billion annual profit.
  • S
    Sataar
    On Monday CVX was lower than today and everyone was happy for the movement upward. Nothing changed in my opinion rather moving lower today in lighter volume plus 3 more positive analysts this week and more people got vaccinated.
  • E
    Eddie
    Made $140,000 today. The Saudi meeting this week formed a schedule to raise oil barrels to $80 by April. Now is the time to invest.
  • S
    Sataar
    will be over $100 by January 29 earrings! May be increase in dividend ?
  • s
    s
    120 by April
  • G
    Gonzo
    Unloaded all my energy stocks yesterday. Market has gotten too crazy for me. Good luck longs!
  • N
    Napalm
    Fyi. How undervalued is the entire uranium sector at the moment?

    The entire market cap of uranium sector (17 billion$) =
    - 2% of the market cap of Tesla $TSLA (834 billion$)
    - 39% of the market cap of Barrick Gold $GOLD (43 billion$)
    - 34% of the market cap of Newmont $NEM (50 billion$)
    - 9% of the market cap of Exxon Mobil $XOM (192 billion$)
    - 10% of the market cap of Chevron $CVX (175 billion$)
    - 14% of the market cap of Boeing $BA (118 billion$)

    While:
    - Demand for uranium is price inelastic!
    - The uranium demand and supply need a +-60$/lb uranium price in the long term to get back in equilibrium (today uranium price sits around 30$/lb)
    - A lot of long term supply contracts of western utilities need to be renewed in coming years==> price discovery is coming, because uranium miners will not restart existing mines and surely not take the risk in building a new mine without the cover of signed off take agreements before the start
    - A lot of new reactors are build in China, India,… New reactor cores need 3 times the normal fuel renewal of an existing reactor

    The question isn't IF it (uranium price go back to at least 60$/lb) will happen, but WHEN it will happen

    Not suggesting to sell positions on other stocks, just mentioning this for those looking for new opportunities at the moment

    Cheers
  • E
    Eddie
    This stock is undervalued and the dividend play is amazing. Amazing buying opportunity.
  • S
    Sataar
    CVX looks great; 50 days moving average just passed the 200 days. very bullish indicator.
  • s
    s
    At his rate of oil rise we should see 100 by next week.
  • N
    Napalm
    Resources Investment funds and groups entering the U market!

    First. Remember, the total uranium sector market cap today is only +-17 billion USD. That's a very tiny sector!!

    To put this into in perspectif.

    The entire market cap of uranium sector (17 billion$) =
    - 2% of the market cap of Tesla $TSLA (810 billion$)
    - 40% of the market cap of Barrick Gold $GOLD (42 billion$)
    - 34% of the market cap of Newmont $NEM (50 billion$)
    - 8% of the market cap of Exxon Mobil $XOM (205 billion$)
    - 9,5% of the market cap of Chevron $CVX (180 billion$)
    - 14,5% of the market cap of Boeing $BA (117 billion$)

    In 2007 the total uranium sector market cap was 150 billion USD in USD of 2007.
    Add to this the inflation between 2007 and today, and you have a easy multi-bagger sector here!

    Second. It's a mathematic fact that the global uranium supply and demand needs a sustainable 60+$/lb U3O8 to get back in equilibrium in the long term.

    At 30$/lb U3O8 only 40% of global annual U3O8 demand can be met by uranium miners!!

    ==> This is not an IF question, this is a WHEN question!

    Third. There are multi signals that the uranium sector fundamentals are getting the attention from professional resources investors now.

    Some signals:

    "Soon we'll be sending private letters to many natural resource investment funds and groups, globally. Our letters, to new groups who might not be aware of the uranium supply debacle, will outline the broken status of the uranium business and the key points for them to perform their own work to see if we reach similair or differing conclusions. We'll offer each group networking opportunities and ways that we believe they can most effectively participate in recapitalizing a broken mining sector and supply chain" Andrew Weekly, CEO SmithWeekly Research

    Larry McDonald on uranium:
    "I am also looking for financial players to get more serious about throwing weight around in this sector. A group with decent capital at a multi-strat HF or a medium sized fund could allocate a few hunderd mill and create their own reality in this sector, IMO. The order of operations would be to buy up positions in call option like U miners, then buy the U trusts trading at discounts and then hit the spot market hard. I think you would make money on all legs of that if you committed a few hunderd mill to it"

    ==> An other investor spending a lot of time in macro and micro due dilligence work on this sector like me, "intercepted" a strategic chats a few weeks ago between professional traders of different financial institutions talking about preparing themself to come in action in the uranium sector. And like Larry McDonald saying to first buy the uranium company stocks and related financial instruments, second buying the U trusts (Uranium Participation, Yellow Cake) and then buying Uranium in the spotmarket (Professional investors with 3000000 million USD (100000lb x 30$/lb) on hand can buy physical uranium --> the minimum buying is 100000lb U3O8!)

    In the meantime the uranium etf's need to buy more underlying uranium company stocks and issue additional etf shares to keep up with the demand from investors ==> That's a big upward pressure on all those underlying uranium companies in which those etf's invest today and in the coming months (and couple of years).

    For instance:

    - "Investors were piling into 100% Pure-Play "North Shore Global Uranium Mining ETF" $URNM on NYSE yesterday, adding another 175,000 ETF shares - Now at 1,325,000 & AUM US$60.3M, over 20X higher than its US$3M inception just over a year ago"

    - "Global X Uranium/Nuclear ETF $URA on NYSE added another 300,000 shares yesterday to bring their issued to 17.1M with US$276M in Net Assets - A 160% increase from its March low"

    Conclusion: A lot of money is coming into a very tiny sector to invest into. Multi-bagger moves higer coming.

    Be prepared and be patient.
    Don't try to swing trade uranium stocks. If you do, you will miss the biggest part of the bull trend

    $DNN $NXE $UEC
    Fission Uranium Corp, Forsys Metals, UEX Corp, ...
    Energy Fuels, UR-energy, Cameco, Paladin Energy,...

    Cheers
  • S
    Schweinhart
    The markets used to drive me crazy with losses. I almost left the trading game for good until a friend shared a little secret with me. He gets his best picks (one a week) from (http://Stocks-tracker.com). Join them.
  • R
    Ryan
    Not a CVX owner but bullish on energy in 2021. Own VLO, PSX, FANG. It will be one of the strongest sectors.
  • F
    Fiscal__Conservative
    if the USA export oil, we dont need ME wars for oil. nor care if the OIL JOCKEYS cut production.
    USA needs more, wind, solar and hydro. INSULATE YOUR HOMES!
    BRING HOME THE TROOPS, SAVE $8 BILLION A WEEK.
  • G
    Gonzo
    Anyone see the virologist from Oxford on CNBC yesterday? He was essentially indicating confidence in their vaccine working on the UK variant but specifically pointed out his concern with another variant in South Africa? Clearly, this would be a net negative for the economy reopening and energy more specifically. Anyone have details?
  • A
    Anonymous
    Stock should be up $3 today alone on Saudi cuts driving oil much higher.
  • s
    stocktargetadvisor
    $CVX
    Upgrades Piper Sandler Overweight USD 113
  • A
    Anonymous
    Trade oil stocks, don't invest.