Peter H. Havens is the Chairman and Founder of Baldwin Management. In a recent exclusive interview with the Wall Street Transcript, he details his investment criteria for picking the best large multinational oil stock among Royal Dutch Shell (ADR), Exxon Mobil (NYSE:XOM) or Chevron (NYSE:CVX).
“Royal Dutch, maybe at a less-than-opportune time, made a very big acquisition in buying BG Group, which levered up their balance sheet. Now, according to our analysis, we believe that the dividend is safe, especially when oil is around $50 a barrel. When it was down around $27 a barrel, there was probably good reason to scratch one’s head, and think more and more about the safety of that dividend. But with the BG acquisition, Shell recast itself, dramatically increasing its exposure to the LNG business, which we find very attractive…And so you’re getting an attractive major international oil company at a pretty cheap price. Certainly, their yield is a lot higher than Exxon Mobil’s (NYSE:XOM) or Chevron’s (NYSE:CVX).”
Baldwin Management reveals several other recent portfolio picks and demonstrates the ability for identifying superior stock selection in a chaotic trading environment.
Read the rest of the exclusive interview on the Wall Street Transcript.
Chevron Corporation (NYSE:CVX), Exxon Mobil Corporation (NYSE:XOM) Set to Weather the Pricing Storm
February 22, 2016
Chevron Corporation (CVX) and Exxon Mobil Corporation (XOM) Show Dividend Growth Rates Up to 12%
July 08, 2013
Exxon Mobil Corporation (NYSE:XOM) Earning Its Cost of Capital to Pay Dividends
October 13, 2016
Exxon Mobil Corporation (XOM) Outperforms Peers When Oil Prices Decline
January 04, 2013
Exxon Mobil Corporation (XOM) Holds Best Assets and Trades Below Appraised Fair Value
April 03, 2013
