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Don’t Follow the Social Media Likes: The Divine “Comment(y)”

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Image Source: Pilottage “Personally, it was a miserable experience for me to see things that others couldn’t.” – Nelson on Valuentum’s call preceding Kinder Morgan’s dividend cut. By Brian Nelson, CFA — A foreshadowing, a rare comment remembering Valuentum’s successful warning on Seadrill when we made our call on Kinder Morgan, June 2015. This was one of the more difficult articles for me to write. I don’t know why exactly, but the words just aren’t coming out right. Pardon me. It sounds trite, almost to the point of blasphemy, to call “The Divine Comedy” a self-help book, but that’s how Dante himself saw it. In a letter to his patron, Can Grande della Scala, the poet said that the goal … Read more

Analyzing Chevron and Important Updates in the Global Energy Industry

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Image Source: Chevron Corporation – November 2019 IR Presentation Summary In this note, let’s cover the current state of raw energy resource prices in North America and around the world. We’ll analyze Chevron’s 2020 capital investment and exploration budget, in particular, and the global energy industry at-large. Shares of CVX appear generously valued as of this writing given the numerous headwinds facing the energy industry going forward. By Callum Turcan The world of oil and gas equities has been battling with persistently low raw energy resource prices for some time now. Back in the middle of 2014, a barrel of light sweet crude delivered to Cushing, Oklahoma (home of the West Texas Intermediate, or WTI, benchmark), would fetch over $100. Now … Read more