Wednesday, September 1, 2010

Took a position in Chevron

I basically transferred money from CHNG to Chevron (CVX). Out of all big oil companies, I found Chevron to be most attractive based on financial comparison between the big ones.

Otherwise, a good summary of oil&gas majors can be found here:
http://seekingalpha.com/article/221875-is-now-the-time-for-the-energy-conglomerates

Unfortunately the article does not include PetroChina and PetroBras, which I found interesting in addition to Chevron and maybe ExxonMobil.

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