There are better-oiled machines than Chevron
Please address your financial questions to Malcolm Berko, P.O. Box 1416, Boca Raton, FL 33429 or e-mail him at malber@comcast.net. Dear Mr. Berko: I don’t have an oil stock in my modest $142,000 portfolio, which contains 17 different issues. I just sold 150 shares of Bank of America (I know you like the stock) because their online banking system program stinks and because they take weeks to clear the out-of- state checks I get from vendors. Please tell me what you think about Chevron because that’s the oil company I’m looking at and would buy 150 shares. But I’m concerned about the size of the fine and the consequences Chevron must deal with because it paid bribes to purchase oil from Iraq in 2001 and 2003. I know I should have bought oil stocks 10 years ago but now is better than never. I did buy Kinder Morgan and Valero when you recommended them in 1997 and still own them with huge profits.
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