CVX (Chevron): Strong Buy

1= Strong Buy 5=Strong Sell

Summary:

This is one of few stocks that had been benefiting from the record prices of oil and gas until oil prices fell significantly. This stock is down 33% this year but is still outperforming both the Dow Jones and the S&P. One must understand that it is incredibly likely that oil prices will go back up quite rapidly.  Chevron is just hit prices significantly below its previous 52-week high but has rebounded slightly since. With a dividend yield of almost 3% and a PEG of just .56 we think this stock presents an incredible buying opportunity, especially if the markets rally post November as we have predicted. CVX has an EPS of 9.43 which is much stronger than the industry average 7.69. Fiscal Frenzy continues to be bullish on the energy sector and we believe CVX is very under valued and presents an opportunity for an excellent buy. Especially with such a volatile energy sector, Chevron benefits from both the economic turmoil and its occasional success in a way that no other company does.