Ashley Misquitta, CFA
Chevron Texaco
CVX-N
COMMENT
Oct 16, 2019
Well-run. Disciplined in capital allocation, like stepping out of the bidding for a company when a certain price was reached. They had the discipline to pull out. But the energy space is challenged.
A dividend play for 2025 at 4.54%. Not sexy, but consistently generates earnings, free cash flow, and each year grows its dividend. Offers growth wealth generation over time.
It reports Friday. He won't buy any oils, because these companies could cave to Trump's demands of drilling like mad. He thinks they will stay disciplined.