RE:Clarus Analyst Report – CEMATRIX A Buy – Target $1.25The good thing about this report is that the analyst gives $1.25 target price based on PE of 8.5 Clearly the analyst is being conservative. CVX at PE of 8.5 is still cheap If things go well enough CVX can achieve a RANGE of PE multiple from 8.5 to high of multiple 20 and that my friends can take the s.p to just under $3.00 PE multiple is dynamic and relies on net earnings/ share so higher the net earnings/share lower the PE ratio which means stock is cheap and needs PE multiple adjustment and that means higher share price. The catalysts that I see for CVX 1) At least 6 deals in the US by year end 2)Bidens infrastructure spending 3)Aquisitions 4) Paying down part of debt 5)Quarter results that will push the s.p 6)At least 5 Canadian deals by y.e 7)More analysts starting coverage of CVX