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May 31, 2016

Chevron is the Poster Child for an Overpriced Market (Video)

By EconMatters



When reviewing the financial metrics of CVX, this stock is overpriced relative to the fundamentals of the company. CVX should Conservatively Retest $88 before year end. With over $42 Billion in Debt, a $50 oil price, and a 4% dividend this company is mismanaging capital right now trying to prop up the stock in the short term versus prudent fiscal management for the long term. This stock is a short on any pops into year end. Even with $60 oil this stock is overpriced as costs in the oil services sector are only going to go up from here! There are a lot of overpriced stocks right now, but CVX is one of the most offensive in our opinion.








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Item Reviewed: Chevron is the Poster Child for an Overpriced Market (Video) Rating: 5 Reviewed By: EconMatters