Retail traders are apparently missing out on the upside opportunity in Chevron (CVX) and other integrated oil giants. With a raging inferno in the Middle East, the obvious potential bottleneck is the Strait of Hormuz. As multiple pundits on the internet have asserted, if Iran blockades this critical waterway, several economic powerhouses could be brought to their knees.
It’s the kind of narrative that fuels the doom-and-gloom, buy-gold-or-else ideologies. I have to say it’s quite compelling stuff. At the same time, there’s a decent chance that it’s overplayed.
