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EQNR - Chevron: Sell Peak Optimism

  • Chevron's stock price and level of investor optimism likely peaked in early June.
  • A recession in energy demand and a windfall income tax levied by Uncle Sam could crater the stock later in the year.
  • I have a 12-month price target of $110 to $120, as crude oil and natural gas supply/demand is rebalanced going into 2023.

For further details see:

Chevron: Sell Peak Optimism
Stock Information

Company Name: Equinor ASA
Stock Symbol: EQNR
Market: NYSE
Website: equinor.com

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