Mark Newton CMT(@MarkNewtonCMT):$CVX has roundtripped its Spring correction to within striking distance of ATH. Chevron's $7 Billion dollar investment in Venezuela will be used to raise output by ~320k Barrels of Crude per day by 2031 Many angry about lack of immediate success in the Hormuz Strait fail to see this long game of US Oil heavyweights being able to take advantage of Crude being as high as it is to unlock the heavy Crude of Venezuela and restart production which wasn't possible when Crude was $60 This is a WIN/WIN for US Energy at a time when US already leads the AI race.. So in the global game of RISK... well.. the US comes out smelling like Roses! Patience pays off Charts via @marketsurge @IBDinvestors #IBDPartner #UPTICKS

2026.09.03 20:26

$CVX has roundtripped its Spring correction to within striking distance of ATH. Chevron's $7 Billion dollar investment in Venezuela will be used to raise output by ~320k Barrels of Crude per day by 2031 Many angry about lack of immediate success in the Hormuz Strait fail to see this long game of US Oil heavyweights being able to take advantage of Crude being as high as it is to unlock the heavy Crude of Venezuela and restart production which wasn't possible when Crude was $60 This is a WIN/WIN for US Energy at a time when US already leads the AI race.. So in the global game of RISK... well.. the US comes out smelling like Roses! Patience pays off Charts via @marketsurge @IBDinvestors #IBDPartner# #UPTICKS#