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Barron's Article - ExxonMobil stock could increase by 40%

Posted on 6/15/21 at 5:56 pm
Posted by Ramblin Wreck
Member since Aug 2011
3898 posts
Posted on 6/15/21 at 5:56 pm
Barron's

Looks like this is a pay wall article. I was able to read it on my iPhone stock app when looking at related articles to XOM. Basically predicts that the company will be able to continue to increase dividends and oil demand looks bright. I just dumped all my BP because I got tired of seeing them divest out of oil related businesses and moving into wind energy. If I buy oil company stocks I want them to be oil companies, not alternative energy companies. Oil demand isn't going away anytime soon, gasoline demand may decrease, but not the total volume of oil based chemicals and products.
Posted by slackster
Houston
Member since Mar 2009
84894 posts
Posted on 6/15/21 at 5:58 pm to
quote:

If I buy oil company stocks I want them to be oil companies, not alternative energy companies.


Well about Exxon’s new directors…
Posted by xxTIMMYxx
Member since Aug 2019
17562 posts
Posted on 6/15/21 at 6:02 pm to
I heard twice on tv they are expecting 100/barrel. Another YouTube guy, Gregory Mannarino, was expecting at least 80. He’s hilarious. Looks like the love child of Rick Pitino. Constantly harping on crude oil, 10 year treasury, inflation, the Fed…the true drivers of the market. Basically always calling out the media and their bs reasons the market is moving. Him and AK Fallable balance out the YouTube pumpers.
Posted by Ramblin Wreck
Member since Aug 2011
3898 posts
Posted on 6/15/21 at 6:06 pm to
quote:

Well about Exxon’s new directors…


Yep, at least ExxonMobil hasn't divested of their refineries and gone as far as BP and Shell are. Time will tell, but if oil does what the writer predicts and the stock does that well, I think the new directors will not necessarily represent the opinions of those that put them there.
Posted by Hussss
Living the Dream
Member since Oct 2016
6744 posts
Posted on 6/15/21 at 6:12 pm to
quote:

Mannarino


Love his YouTube rants
Posted by tigermeat
Member since Jan 2005
3010 posts
Posted on 6/15/21 at 6:22 pm to
quote:

ExxonMobil stock could increase by 40%


Good, I’m ready for an early retirement.
Posted by Mingo Was His NameO
Brooklyn
Member since Mar 2016
25455 posts
Posted on 6/15/21 at 6:57 pm to
On top of the 70% I'm up from buying at the absolute low, me likey
This post was edited on 6/15/21 at 7:01 pm
Posted by BigVoodoo
Milky Way Galaxy
Member since Jul 2015
1140 posts
Posted on 6/15/21 at 8:14 pm to
XLE
Posted by go ta hell ole miss
Member since Jan 2007
13626 posts
Posted on 6/15/21 at 8:25 pm to
Exxon has been a big contrarian play for this board. Every time someone talks them up they let us down. Someone slammed them on here in October, pretty much the precise moment the stock started moving higher. I hope this does take off.
Posted by Dale Gribble
Member since Aug 2014
252 posts
Posted on 6/15/21 at 10:55 pm to
How y’all feeling about CVX?
Posted by Privateer 2007
Member since Jan 2020
6180 posts
Posted on 6/15/21 at 11:45 pm to
Oil is going to $100/barrel.

Cost cutting last year.
Companies will be printing money.

All oil companies are good bets.
Refiners more variables.

But upstream is gonna be crushing it for sure.
Posted by SlidellCajun
Slidell la
Member since May 2019
10418 posts
Posted on 6/16/21 at 6:37 am to
I been telling people to buy oil and oil related companies
They’ve been quietly doing very well

Oil is at $75! That is a very profitable level for companies and service companies to do real well.

Posted by CollegeFBRules
Member since Oct 2008
24261 posts
Posted on 6/16/21 at 8:13 am to
I bought 7000 shares of XOM at $33 last October. It has been the single best investment move I have made.
Posted by FLObserver
Jacksonville
Member since Nov 2005
14468 posts
Posted on 6/16/21 at 8:14 am to
my top dividend ETF has XOM as its top holding. So i hope you are correct
Posted by mydadpulledout
Member since Jul 2013
702 posts
Posted on 6/16/21 at 9:14 am to
Love seeing positive news on Exxon. 40% gains from here would be
Posted by wutangfinancial
Treasure Valley
Member since Sep 2015
11106 posts
Posted on 6/16/21 at 11:39 am to
Posted by Mr. Elvert
Dallas
Member since Oct 2012
14989 posts
Posted on 6/16/21 at 1:55 pm to
Interesting
This post was edited on 6/16/21 at 2:02 pm
Posted by NC_Tigah
Carolinas
Member since Sep 2003
123937 posts
Posted on 6/16/21 at 2:11 pm to
David Tepper is also bullish on the market and on energy stocks in particular.
Posted by tiger91
In my own little world
Member since Nov 2005
36707 posts
Posted on 6/16/21 at 5:50 pm to
So I guess I'll continue to be thankful for my Exxon stock inheritance and keep it.
Posted by McLemore
Member since Dec 2003
31500 posts
Posted on 6/16/21 at 5:55 pm to
quote:

$33 last October


Got in a few times around those levels and kept buying up to about $50.i wish it were a bigger % of portfolio but it's significant. Dividend is nice in the IRAs too
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