00:00 Speaker A
Occidental Petroleum and Chevron hit with a downgrade from Scotia Financial institution, these shares lowered to sector carry out from sector outperform. Scotiabank additionally reducing its worth goal on every inventory. So, um, the observe right here. So on Occidental, they go to sector carry out. So the equal of a maintain, Julie. The uh goal is 40. They speak about a leverage place is being extra problematic versus rivals as a result of premature acquisition of crown rock. They speak about how it may be powerful for the corporate to outperform till the macro improves.
00:45 Speaker B
Yeah, they usually speak about how that that is, of their phrases, one of the vital oil leveraged firms inside our universe. I do not know in the event you’ve observed, however we have seen oil costs go down. So that might be a unfavorable doubtlessly on this atmosphere. In terms of Chevron, you realize, one of many key explanation why traders maintain these oil firms is due to the money return to shareholders. Mm-hmm. Sure. Precisely. And the analyst at Scotia says we expect that Chevron has the next chance of lowering their present buyback run fee from the current annual tempo within the coming quarters. Exxon has the next chance of retaining that fee.
01:35 Speaker A
Ship me a verify.
02:03 Speaker A
And what do they like, Julie? They go to carry on a few them. What do they like? They like EOG assets. They go to sector outperform, so equal of purchase. Fortress stability sheet.
02:26 Speaker B
You at all times like to listen to that.
02:29 Speaker A
You do. You actually do.
