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