[December 14, 2011] Brazil Looks To Drop $10.7 Billion Lawsuit On Chevron (CVX) Tweet Dec 14, 2011 (SmarTrend(R) News Watch via COMTEX) -- 12-14-11-Shares of Chevron (NYSE:CVX) are trading 3.6% lower to $99.68 on news that Brazilian government prosecutor s are proposing a $10.7 billion lawsuit for the leak in an oil well off the coast of Rio De Janeiro that occurred in November, according to a Bloomberg report. Chevron estimated 2,400 barrels leaked from its offshore field before the oil giant was able to plug the leak. SmarTrend currently has Chevron in an Uptrend. Since 2008, SmarTrend subscribers trading Chevron using our alerts outperformed the stock by 22%. We are monitoring these developments and will alert subscribers to any change in trend. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup [ Back To TMCnet.com's Homepage ]