#CVX: We bought at $166, now it’s at $189. Slowly but steadily rising, and in my view the real move has only just started. I expect a strong upside move very soon.

Don’t forget, with the Strait of Hormuz closed , Europeans and Asians need to find alternative sources of oil very quickly. Oil prices are already rising rapidly, and guess who stands to benefit the most? Chevron.

Their largest production fields are in the USA, the Gulf of Mexico, and Kazakhstan, and they have also recently increased activity around Venezuela. Far away from the current war and tensions. This means they can continue supplying oil to the world even during a major supply shock, and this will make them increase the Oil price, which results in bigger profit for Chevron.

Chevron is already up 15% since we bought. Keep holding! $CVX

CVX

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