The Rising Influence of Rising Affluence

[DewDiligence]

CVX—An attempt to quantify the lawsuit by Ecuador:

http://seekingalpha.com/article/1027121-chevron-a-dividend-champion-in-trouble-what-is-the-impact-of-the-ecuadorian-judgment

The author’s conclusion is that this lawsuit could reduce CVX’s fair value by $21/sh in the worst-case scenario. Moreover, even if CVX ends up prevailing in all jurisdictions and forfeits no assets whatsoever, CVX is currently spending $200M per annum on legal fees for this case, according to the above.

See #msg-70537135, #msg-54460930 and #msg-59968547 for related stories.