CHEVRON (CVX) AND TRANSOCEAN (RIG): REPORTS OF A BIG LEAK
Chevron (CVX) and Transocean(RIG) are down on the reports of a big oil leak from a rig located close to the coast of Brazil. Neither Chevron nor Transocean has denied or acknowledged the leak. Chevron has issued a statement that the valve has been killed. Speculation is that the spill is bigger than the BP (BP spill in the Gulf of Mexico).
A news of a big spill always provides excellent trading opportunities. investors are well advised to keep a close eye on Chevron and Transocean.
We will be closely following these two stocks in the Real Time Feed of the ZYX Short Sell Change Alert.… Please click here or the title below to read more.
November 15, 2011