3 Energy Stock Stories Ready For Thursday Perusal
Chevron Corp. (NYSE:CVX): Closing price $118.29
The cold war between Edison Mission Energy and its alienated partner Chevron Corp is intensifying, as Edison Mission now says that Chevron has only one reason to remove it from a gas arrangement that has brought in billions of dollars during the last three decades: “greed, pure and simple.” Chevron sued Edison Mission soon after its bankruptcy filing, so as to remove the partner from the profitable natural-gas deal, and now says that Edison Mission is employing bankruptcy law to ultimately divest its interest, and thus force an unwanted partner on Chevron, which the oil major finds “abhorrent.”
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