We would be surprised if the company could say anything to get the stock above 45, as most of the world is playing the stock on the long side and recent investor conferences have already incorporated a more bullish tone by the company.
More Quotes from First Boston:
Most of (Chevron's) earnings miss was in the upstream and was caused by weak U.S. oil and gas volumes (hurricanes, declines) plus lower than expected U.S. gas realizations, as well as weak European gas volumes.First Boston
With the market deficit slowly being filled by the big three producers at increasing unit capital cost - greenfield projects are likely to be much harder to justify, highlighting one motivation in the strategic advantage of bringing forward these expansions.
First Boston
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