Caiman Valores
Contrarian, long-term horizon, research analyst, value

Chevron, A Dividend Champion In Trouble: What Is The Impact Of The Ecuadorian Judgment?

Chevron (NYSE:CVX), the world's fourth-largest publicly tradable energy company, is certainly experiencing some rough going at the moment. Not only is it a co-defendant to a $22 billion lawsuit in Brazil with offshore driller Transocean (NYSE:RIG), but now it is appearing more likely that an earlier judgment awarded by an Ecuadorian court, totaling $19 billion will be enforced. This has been a particularly bitter, divisive and acrimonious lawsuit, which has seen all manner of allegations relating to dirty dealings being made by both sides. This has raised significant concern, with Chevron being a significant holding in many investment portfolios. With this in mind I have set out with Seeking Alpha contributor Colin Lea,...

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