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Chevron Reinstated as a “Buy” at Bank of America/Merrill Lynch (CVX)

By Dividend.com Staff
December 18th, 2009

chevron-reinstated-as-a-buy-at-bank-of-americamerrill-lynch-cvx

Oil behemoth Chevron Corporation (CVX) saw its coverage reinstated on Friday with a "Buy" rating by analysts at Bank of America/Merrill Lynch.

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One Response to “Chevron Reinstated as a “Buy” at Bank of America/Merrill Lynch (CVX)”

  1. elizabeth Says:
    December 20th, 2009 at 12:38 pm

    I live on a large South Texas Ranch where Chevron operates. I made a movie about their operations this weekend
    http://www.youtube.com/watch?v=lLEuaAChjnQ
    I don’t know what the stock holders are going to think about the huge mess that Texaco left in South Texas. SOmeone has to pay to clean this up. It’s like Ecuador – but a whole lot worse and no one besides Chevron has been here since 1934 – they can’t point the finger at Petro Ecuador on this. We just have 7,110 acres of chevron mess – but they have 100,000’s of acres across the area. Texaco was supposed to remediate all this old stuff – but they seem to have just buried it and figured no one was going to dig it up. Well, they were wrong.

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Disclaimer: Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. The author is not registered as an investment adviser. The author may or may not hold positions in the securities mentioned in this article or video. The author relies upon the "publisher's exclusion" from the definition of "investment adviser" as provided under Section 202(a)(11) of the Investment Advisers Act of 1940 and corresponding state securities laws.