re: Time to buy some XOM(Oil stock discussions)?

Have held off and glad I have. Havent had much time to do research but the little I have done and my gut has me thinking things are going to get worse. I wouldnt be surprised at 40$ Brent by the end of the year. Also there are about to be a bunch of M&As and companies going under. I cant help but think that XOM has something big planned as they stayed on the sidelines for awhile now in the past downturns. Trying to figure these out and making $ on them is the trick.