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News Breaks
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February 9, 2010
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| 14:21 EDT |  | CVX |
| theflyonthewall.com: | Court appointee in Chevron Ecuador lawsuit tied to state-owned oil company | | In a court filing today in Lago Agrio, Ecuador, Chevron provided newly discovered information showing that the author of a report recommending that Chevron be ordered to pay $27B in damages is the majority owner of an oilfield remediation company that stands to gain financially from a judgment against Chevron. Due to the remediation company’s relationship with Ecuador’s state-owned oil company, Petroecuador, Chevron called upon the court to immediately reject the work of Richard Cabrera on the grounds that he knowingly hid his relationship and that he stands to gain from what was supposed to be unbiased work for the court. After knowingly omitting to disclose his financial interest in CAMPET, as well as CAMPET’s status as a registered Petroecuador contractor, Cabrera affirmatively misrepresented in court filings that he did not have any impediment or conflict that would affect his performance as an “independent” court-appointed witness. Cabrera violated the law by accepting his appointment, which required an explicit acknowledgment of public duties as an impartial analyst—an acknowledgment Cabrera could not truthfully have made given his financial interests. :theflyonthewall.com |
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News For CVX From The Last 14 Days Check below for free stories on CVX the last two weeks.
There are 15 items on the Fly with pertinent information.
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February 12, 2012
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| 16:21 EDT |  | CVX |
| | 11:38 EDT | | CVX |
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February 10, 2012
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| 08:56 EDT | | CVX |
| theflyonthewall.com: | IEA cuts 2012 oil demand growth forecast to 800K bpd, Reuters reports | | The International Energy Agency said global oil demand will grow by less than 1% this year, lowering its global demand growth forecast by 250,000 barrels per day to 800,000 bpd, reported Reuters. Reference Link :theflyonthewall.com |
| | 07:08 EDT | | CVX |
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February 8, 2012
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| 07:33 EDT | | CVX |
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February 7, 2012
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| 12:22 EDT | | CVX |
| | 07:09 EDT |  | CVX |
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February 5, 2012
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| 12:13 EDT | | CVX |
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February 3, 2012
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| 06:47 EDT | | CVX |
| theflyonthewall.com: | Panetta declines to dispute report on future Israel attack of Iran, AP reports |
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February 2, 2012
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| 21:55 EDT | | CVX |
| theflyonthewall.com: | Jim Cramer's "Mad Money" | | Jim Cramer said that now's the time to 'tip-toe' back into the markets, not run for the exits. Cramer said it's true that the markets have been up six weeks in a row, but that doesn't mean that investors need to worry about bubbles. Cramer said he hears the calls of a bubble in tech stocks, but with bellwethers like Intel (INTC) and Microsoft (MSFT) trading at just 10X earnings, a fraction of what they were just a few years ago, how can that be a bubble? He said that even Apple (AAPL) trades at just 7X earnings after backing out the company's nearly $100B in cash. Some have called a bubble in retail, but Walmart (WMT) still trades below where it did a decade ago. The same is true with the oil stocks, with companies like Exxon-Mobil (XOM) and Chevron (CVX) both trading at super-low valuations. Cramer recalled how he received hate mail after endorsing the Google (GOOG) IPO at $80 a share, only to see that company double and double and double again. Cramer explained that with 840M active users of Facebook, there's no denying that retail demand for this IPO will be huge. However with so few shares available, just about all of those investors will be forced to buy in the aftermarket. He said if shares double on the IPO, it's likely that the valuation would be too high and investors should sell no matter what. If shares rise only slightly however, it's possible that shares of Facebook would be worth holding onto. EXECUTIVE DECISION: Cramer once again welcomed with Jack Hartung, CFO of Chipotle Mexican Grill (CMG), a stock that dipped 2% after it reported a 2c earnings miss on a 23% rise in revenues. Shares of Chipotle are up 650% since Cramer first got behind the company six years ago. Cramer told viewers that the dip in Chipotle's stock price is the perfect buying opportunity and they should stick with the company. Cramer also sat down with Irvin Simon, chairman, president and CEO of Hain Celestial (HAIN), which delivered a 3c earnings beat on a 33% gain in revenues form last year. Shares of Hain have returned 129% since Cramer first recommended it in April 2010. Cramer remained bullish on Hain. Then, Cramer spoke with David Pyott, chairman, president and CEO of Allergan (AGN), a stock that got hammered down 3% after the company reported only in-line sales and earnings. Pyott was bullish on his company's flagship product, Botox, and on the outlook for some of their drugs in the pipeline -- including ones for overactive bladder. Cramer remained bullish on Allergan and said Thursday's price dip makes for an excellent entry point for investors. LIGHTNING ROUND: (Bullish) HUN; CBOU; SBUX. (Bearish) ARMH; BTU; MWW. Reference Link :theflyonthewall.com |
| | 07:46 EDT | | CVX |
| theflyonthewall.com: | Oil drops to six week low, Bloomberg reports | | Oil fell to its lowest level in six weeks as U.S. crude stockpiles increased more than expected and gasoline usage dropped to a 10-year low, reports Bloomberg. Reference Link :theflyonthewall.com |
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February 1, 2012
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| 06:51 EDT | | CVX |
| | 06:32 EDT | | CVX |
| theflyonthewall.com: | U.S. refiners, United Steelworkers in tentative contract agreement, WSJ reports |
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January 30, 2012
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| 12:28 EDT | | CVX |
| theflyonthewall.com: | OPEC official: Oil price to rise as result of E.U. embargo on Iran, Reuters says |
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| | 11:49 EDT |  | CVX |
| theflyonthewall.com: | Chevron to participate in a conference call with FBN Securities | | FBN Securities holds a conference call with management on February 2 at 1 pm. :theflyonthewall.com |
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