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Chevron: Riding out the U.S. gasoline market's doldrums

 Nov 05, 2009 08:30 PM UTC
Return Risk
+1.61% MID
Tracked Blogger
Symbol Sentiment Start Return Closed
CVX Positive 11/05/09 +0.93% --

Graphic_arrow1 Via BloggingStocks:  

Filed under: Chevron Corp (CVX), Stocks to Buy

Now that there's credible evidence that the U.S. economy is recovering, U.S. gasoline demand may stabilize, helping refiners like Chevron Corp. (NYSE: CVX), hence I'm Reiterating my Buy rating for the company, first recommended on February 15, 2009 at a price of $66.18.

Look for Chevron's oil/natural gas production to increase more than 5% in FY2009, and then at about a 4-4.5% annual rate 2010-2012.

Continue reading Chevron: Riding out the U.S. gasoline market's doldrums

Chevron: Riding out the U.S. gasoline market's doldrums originally appeared on BloggingStocks on Thu, 05 Nov 2009 15:30:00 EST. Please see our terms for use of feeds.

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