Finally noticed on my Fidelity app that Morgan Stanley upgraded Chevron from $104 to $107 yesterday, hence the 7% share price pop. Kinda strange to upgrade an oil company in the middle of a pandemic 10 days before earnings are reported. Overall this early oil & gas consolidation seems well received by the investment community. Should have a considerable near term impact on valuation of the oil majors. This phase will likely be seen as a positive for the lines of CVX and XOM(who will probably now follow suit with purchases). "They're getting these great assets for pennies on the dollar!". IMO we'll quickly find out these assets are worthless.....and the debt remains. Hoping for a CVX near term macro oil market dip to offload my Aug20/Jan21 puts then will wait on the "vaccine skyrocket" to buy January 2022 puts by the boatload. So far only up a hair on these various puts(even with a couple home runs), but getting better at it. When Chevron popped to $100+ i should've offloaded them all for a 2 week 60% gain rather than just selling half. Greedy!