Replies to post #21892 on The Rising Influence of Rising Affluence

[DewDiligence]

Factoid—CVX shares on-track for best-ever month—(+24% in April with three trading days remaining):

https://www.barrons.com/articles/chevron-stock-oil-coronavirus-rising-51588022164

I still think CVX should cut the dividend (#msg-154574407), but I’m pretty sure they won’t.

CVX reports 1Q20 results on Friday.

[DewDiligence]

CVX acquires NBL for $10.38/sh in stock—an 8% premium to Friday’s closing price:

https://finance.yahoo.com/news/chevron-announces-agreement-acquire-noble-103000253.html

Noble Energy brings low-capital, cash-generating offshore assets in Israel, strengthening Chevron’s position in the Eastern Mediterranean. Noble Energy also enhances Chevron’s leading U.S. unconventional position with de-risked acreage in the DJ [ Denver-Julesburg] Basin and 92,000 largely contiguous and adjacent acres in the Permian Basin.

The nominal deal value is ~$13B including assumption of debt.