Stockchase Opinions

Jim Cramer - Mad Money Chevron Texaco CVX-N COMMENT Dec 09, 2020

Energy seeing a surprise rally now. However, he sees oil's long-term prospects as grim. He would buy only two oil stocks, including Chevron, the top of class. It has held up surprisingly well during this pandemic and pays a safe dividend of 5.7%. The only problem is that this is up 35% in the past 6 weeks.
$90.440

Stock price when the opinion was issued

integrated oils
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TOP PICK

Plans to invest in clean energy, a great opportunity. People think of it as an O&G giant, but has been investing a lot in clean energy. Stock's moved sideways for 12 months, so a good opportunity. Acquired major stake in world's largest proposed storage facility for hydrogen, which she sees as a big play over 5 years. Great yield of 4.5%.

Doesn't own, on her watchlist, looking for an entry point. Ranks 10/10 on fundamentals, good margins, great earnings growth and cashflow. Target of $178.

(Analysts’ price target is $175.96)
DON'T BUY

Good yield, buyback and yield, but can't recommend it, because he doesn't see the price of oil hitting $100.

BUY

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.

DON'T BUY

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.

BUY

The dividend is super safe and cash flow is great.

PAST TOP PICK
(A Top Pick Apr 17/24, Down 10%)

Hess deal being contested made things too murky. He sold. Comfortable with his Canadian holdings in the oil patch instead.

BUY

Pays a 4.6% dividend yield. It bounced nicely today.  They keep buying back stock. A good CEO. He's not an oil bull, though.

DON'T BUY

He was going to recommend it is a dividend stock, but no one can tell where oil will go.

DON'T BUY

They report Friday. He doubts they will report anything positive because of the low price of oil.