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@olubunmiobayanju I reached a different conclusion when I looked at my trendlines. If we stretch WAY WAY out into the monthlies or even the weeklies, the lower trendline should be $29 with the upper trendline point towards $34 at this time. The price shock of a negative oil has sent a lot of oil...

@joskenya The problem with Chevron is when you're an 180billion dollar company you pretty much just move with the market. CVX has a beta of 1.02 while IMO has a beta of 2. You need something with higher beta to get that good alpha sailing on positive market sentiments.

@coldfuse The article linked taught me a lot about valuation specific to the E&P industry. Thank you!

@mutio Pretty much, when you look at industry giants like Chevron, their net income fluctuates quite a bit as well. https://finance.yahoo.com/quote/IMO.TO/financials?p=IMO.TO Kinda a characteristic of O&G.

This is my 2nd DD post for hidden gems. My previous call was on MTY which rallied by over 12% since my last post. Here's a second one for ya'll. Imperial Oil (an integrated petroleum company majority-owned by Exxon-Mobil). Why you should invest: Expectation of recovery in industrials...