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Strategies & Market Trends : Value Investing
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To: Paul Senior who wrote (55828)8/10/2015 7:43:25 PM
From: Spekulatius1 Recommendation

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Re CVX - their book value is probably going to be impaired when crude prices remain where they are right now. They had a loss in their upstream business last quarter, while most other majors still had profits, which indicates high operating costs. at his may not have been such a big deal at $1000/brl crude, but now it is.

I think they will have to bring their costs down and probably downsize the company to become more competitive at lower prices.
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