HSBC turns negative on oil stocks, downgrades Chevron to hold even as energy prices rise

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New for subscribers: HSBC turns negative on oil stocks, downgrades Chevron to hold even as energy prices rise. Check out CNBCPro today.

Journalists are reflected in the sunglasses of drilling site manager Greg Murphy during a media day at Chevron's site in Pungesti, Romania, April 8,

2014.The challenges around climate and renewable energy appear to be outweighing higher oil prices for investors, and that dynamic will hold back stocks like

 

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Pro If you pay for CNBCpro you probably keep your money in a shoebox in your closet

Pro I’ll buy more on the dip. Pays a dividend. It’s not a pretty stock but you’ll won’t get without gas for any time soon.

Pro 🤦🏼‍♂️ Gas and oil stocks should be ”sell rated” everyday in the week so! 😏🤷🏼‍♂️

Pro wow

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Oil retreats on surprise rise in U.S. stocks, weakening demand outlookOil prices fell on Wednesday after an industry report showed an unexpected build-up in U.S. oil inventories last week, which heightened worries about a resurgence in COVID-19 infections potentially dampening fuel demand. nice
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The rising cost of natural gas is boosting the prices of these stocksNatural gas prices have hit new heights, thanks to hot weather and falling production. It’s good news for gas producers, as their margins and share prices rise.
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