Boost your Resource returns with these two

Article Excerpt

Prices for commodities such as crude oil and copper have jumped as the global economy rebounds from last year’s pandemic lockdowns. We feel one of the best way for investors to gain exposure to the Resources sector, and earn steady income, is with global giants Chevron and BHP. CHEVRON CORP. $104 is a buy. The company (New York symbol CVX; Conservative Growth Portfolio, Resources sector; Shares outstanding: 1.9 billion; Market cap: $197.6 billion; Price-to-sales ratio: 2.2; Dividend yield: 5.2%; TSINetwork Rating: Average; recently completed its purchase of Noble Energy Inc. (New York symbol NBL) in an all-stock transaction worth $4.1 billion. Based in Texas, Noble produces oil and natural gas at properties in the U.S. and Equatorial Guinea. The purchase also gave Chevron a 39.7% stake in the Leviathan offshore platform near Israel, which supplies natural gas to Israel, Jordan and Egypt. That will help those countries convert their coal-fired electrical plants to gas. Due to the current hostilities between Israel…

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