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 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.

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