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Gordon Reid Chevron Texaco CVX-N PAST TOP PICK Jul 15, 2024

(A Top Pick Jul 12/23, Up 2%)

Oil prices have done well, but it's a least-loved rally. The oil companies haven't done that well. CVX is held down by their purchase of Hess. The market was split on this, though he thinks it helps CVX long term. At some point, energy will do well. Timing is key in stock-buying. Stay with CVX.

Gordon Reid

Owned

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$158.040

Stock price when the opinion was issued

integrated oils

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TOP PICK

Energy drives human progress and creates positive change for modern society. We work hard to deliver energy that can improve the lives of millions of people around the world. Social media mentions are up 200% in the past 24h.

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.

BUY

Pays a 4.8% dividend and return a lot of money to shareholders.

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Gordon Reid Chevron Texaco CVX-N PAST TOP PICK Jul 15, 2024

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