Who would have ever thought that Chevron would actually trade at $69. In December CVX took a bit of a swoon. I wrote the post linked below because I thought income investors were hoping for more of a discount and they should feel comfortable in that effort. It reminds me of Alfred when he shops for clothes... 70% off is what he seeks but it has to be the best.
I think it will happen. I will buy Chevron at $69. Is the dividend safe? Well you can only go on history: very good; percent of earnings paid out in dividends; pretty good; debt to equity ratio; very good. I will take my chances.
Chevron like it at $120 like it at $69