We (wife and I) already have 200 shares...That are optioned for the Jan 22 $100. We bought 100 more shares today...At $85.25. Then did a covered call on it...Jan 22 $90. We got $8.60 ($860.) for the sell to open. The stock is dropping as I write. That is one of the reasons I like to option something as soon as I buy it. Grab some income while I wait. The current dividend is about 6%...Don't know if they will hold it.
My thoughts on why I still like this company...Electric charging, oil reserves, clean restrooms, good locations, tie-ins with other companies (McDonald's).
Some of this is a repeat of a thread I wrote earlier. The charging stations are big...I believe you will soon see some contracts with major car companies as they roll out their electric vehicles. Does Ford/GM/Toyota really want to put in charging stations around the US?? Wouldn't they rather partner with someone like Chevron?? 10 miles from me is a Chevron/McDonalds. I could see people charging there...While people (with kids) get something to eat. And they would probably use it because the know Chevron is usually a safe location, with good bathrooms.
They bought Noble Energy...Good reserves. They are set for many years in oil...While they transition to charging.
When we think of the phrase location location location...Chevron has it. Better planned in the grid that even McDonald's or Starbucks. Most Starbucks do not have the capacity (parking/charging) that will be needed. For me this move is also like owning Verizon (VZ)...Which we also bought today. IT'S THE PIPES!!
My thoughts on pipes. With Verizon, they will have to spend billions to buy up 5G spectrum. Their stock will be down or stay the same for years, till they can build out their network...But when they do, they should have a steady income flow. It is a way to play the internet without dealing with the hardware or software.
I feel Chevron is the way to play the transition to electric cars and trucks. We don't know who will be the winners in the market. I can not see that far out. I do know it will be costly for a company to have one person man a charging station while people wait for a charge. If no one is there (self charging), the homeless (or bad guys) could move onto the site. You need 1 or 2 people at a gas station rest stop, for safety and security. The site HAS TO be maned (womaned).
Just talking out loud for what is see 10 years from now...
My thoughts on why I still like this company...Electric charging, oil reserves, clean restrooms, good locations, tie-ins with other companies (McDonald's).
Some of this is a repeat of a thread I wrote earlier. The charging stations are big...I believe you will soon see some contracts with major car companies as they roll out their electric vehicles. Does Ford/GM/Toyota really want to put in charging stations around the US?? Wouldn't they rather partner with someone like Chevron?? 10 miles from me is a Chevron/McDonalds. I could see people charging there...While people (with kids) get something to eat. And they would probably use it because the know Chevron is usually a safe location, with good bathrooms.
They bought Noble Energy...Good reserves. They are set for many years in oil...While they transition to charging.
When we think of the phrase location location location...Chevron has it. Better planned in the grid that even McDonald's or Starbucks. Most Starbucks do not have the capacity (parking/charging) that will be needed. For me this move is also like owning Verizon (VZ)...Which we also bought today. IT'S THE PIPES!!
My thoughts on pipes. With Verizon, they will have to spend billions to buy up 5G spectrum. Their stock will be down or stay the same for years, till they can build out their network...But when they do, they should have a steady income flow. It is a way to play the internet without dealing with the hardware or software.
I feel Chevron is the way to play the transition to electric cars and trucks. We don't know who will be the winners in the market. I can not see that far out. I do know it will be costly for a company to have one person man a charging station while people wait for a charge. If no one is there (self charging), the homeless (or bad guys) could move onto the site. You need 1 or 2 people at a gas station rest stop, for safety and security. The site HAS TO be maned (womaned).
Just talking out loud for what is see 10 years from now...
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