Chevron Corp. - Big Oil is in Serious Trouble and Nobody Knows It!
Chevron (NYSE:CVX) continues to be one of the leading Dow 30 - Industrials composite Companies. It doesn't deserve to be but is on a Strong Hold, but my Indicators have been and are breaking down.
You may want to review my previous articles on CVX (just click) will provide you with the exact history of my Forecasting / Formal Client Recommendations and much more.
My Performance for Chevron can be found in the below table and is over 25% per year for the last 4 years.
I have completed my weekly study of all my High Profile Energy / Chevron type Companies. I suggest that there is little support for notably higher prices in the making. This is a study that is a pleasure for me to do because I have spent time and experience in the study of Income and Growth Companies like CVX. Each time it offers support for my on going analytics, and I smile.
My objective is to identify changing trends for my forecasting analytics. Simple stated, I want to have current notes to quickly refer to on the anticipated direction of this sector and industry group.
A Special Note for Seniors & Retired Investors - Dividend Yield: 3.31%
This week's commentary on Chevron Corp. covers all of my indicators, both fundamentally for valuations and technically for momentum. Despite its relatively low dividend it can be a very safe and productive company for Income Investors. There is always much to cover to provide my best possible forecast and opinion.
Income and Growth Investors
My Mission is to provide guidance and direction for conservatively providing consistent annual and superior profitable results for each Formal Recommendation I make to my Clients.
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Forecast & Opinion from my Study / Analytics:
Chevron Corp. and other Energy - Oil / Gas Sector Companies and ETFs are tracking well. Although Chevron Corp. has been in a Bullish mode since early 2009 it is getting tired.
Forecast w/ Performance:
Note: The below Table is for your review, questions and perhaps thoughts. If you would like to "Invest Wisely" in my "Income & Growth Asset Allocation Model," please email me to open a dialog on how I go about providing superior performance with a very low threshold of risk.
My current forecast is not as bright as you are perhaps being advised! (I will be more specific upon your email request).
If you own or are considering owning Chevron or oil & gas companies, the securities are becoming a mixed, not a very positive bag. Chevron Corp. is currently just Ok technically, but I have reservations about my fundamental valuation. It is on my Initial Bearish Forecast - "Warning List."
My current opinion is to hold in anticipation of taking profits. This may be at even higher prices, but there will be an end and time to sell, but that is not currently in my forecast. That is a balancing of my below three (weighted) pillars of research.
Fundamentally - ( weighting - - 40% ): My Analytics for my fundamental valuation play a vital role in profitable managing money. Earnings continue to be relatively strong.
Technically - ( weighting - - 35%): Within this outstanding company, my indicators remain questionable. It is making new highs but that won't last. Highs are $102, is selling for $100.
Consensus Opinion - ( weighting - - 25% ): My third pillar of research is one that is always distorted to the positive by most all financial analysts. That's because they are afraid of being bearish. I am not! My articles on "reality" are supportive of the below 20 year Chart.
I will personally and promptly reply to any serious investor's inquiry as to my very cautious position for CVX !
A Twenty Year Perspective of Chevron Corp.
Chevron Corp. has taken some big hits over the years!
URL for (20-years of -(CVX): http://stockcharts.com/h-sc/ui?s=CVX&p=W&yr=20&mn=0&dy=0&id=p57871088289&a=311453604
"Selectivity" is what I preach (along with discipline and patience) and is what separates the average investor and mutual funds from the profits that come with long-hours / hard work and "selectivity."
Here are a number of the Component Companies / Peers in the Chevron Industry Group that I focus on rather frequently if you wish to follow me: (CVX), (NYSEARCA:OLO), (NYSEARCA:OIL), (NYSE:XOM), (NYSE:BP), (NYSE:RDS.A), (NYSE:STO), (NYSE:TOT), (NYSE:YPF), (NYSE:E), (NYSE:BAK), (NYSE:SSL), (NYSE:PTR), (NYSE:PZE). And, more . . .
If you are seeking guidance or direction, please feel free to email me. My personal blog or site is: Investing Wisely.
Smile, Have Fun, "Investing Wisely,"
CVX, UCO, OLO, OIL, XOM, BP, RDS.A, STO, TOT, YPF, E, BAK, SSL, PTR, PZE