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re: XOM has been trying to kiss March 15 this week.
Posted on 10/2/20 at 2:35 pm to Jag_Warrior
Posted on 10/2/20 at 2:35 pm to Jag_Warrior
quote:
Possibly a good reason to buy NDSN, but not sure it provides a buy side case for XOM.
XOM is big into plastic and growing that side of the business.
Posted on 10/2/20 at 3:06 pm to C
The investment in pastics lacks vision to me and plastics are only marginally better than oil. Shrinking margins, overgrown supply, shrinking demand.
IDK. Plastics wouldn't move the needle for me to put my money in Exxon. Like Jag said, there are better ways to invest in plastics, but to each their own.
IDK. Plastics wouldn't move the needle for me to put my money in Exxon. Like Jag said, there are better ways to invest in plastics, but to each their own.
Posted on 10/2/20 at 3:14 pm to whitefoot
quote:
The investment in pastics lacks vision to me and plastics are only marginally better than oil. Shrinking margins, overgrown supply, shrinking demand.
All of this is certainly correct over the past few quarters and near term looking forward.
Posted on 10/2/20 at 4:30 pm to C
at these prices i dca in to xom,rdsb,cvx....
on decent drop days....i have a lot in growth funds and individual bonds (3-5 years avg yield 4percentish)... big big oil will morph into more energy than just oil and always has the downstream chemicals... these may go lower but will recover and if stabilize and yield more than 4percent be more of a part of my bond bucket than growth (sp500) bucket
my bonds are laddered for 3-7 years out and as they mature i need to replace.. bonds are a little pricey now for the yield so picking up undervalued or well valued big caps with historically decent yields...if xom lowers dividends there will be a decent buy opportunity
on decent drop days....i have a lot in growth funds and individual bonds (3-5 years avg yield 4percentish)... big big oil will morph into more energy than just oil and always has the downstream chemicals... these may go lower but will recover and if stabilize and yield more than 4percent be more of a part of my bond bucket than growth (sp500) bucket
my bonds are laddered for 3-7 years out and as they mature i need to replace.. bonds are a little pricey now for the yield so picking up undervalued or well valued big caps with historically decent yields...if xom lowers dividends there will be a decent buy opportunity
Posted on 10/2/20 at 7:00 pm to whitefoot
Where are you getting shrinking demand for plastics?
Increased supply, fair case there... demand is booming
Increased supply, fair case there... demand is booming
Posted on 10/2/20 at 8:11 pm to jimjackandjose
It won't offset shrinking O&G prices and/or demand though. Plastic isn't a good reason to invest in Exxon imo.
This post was edited on 10/2/20 at 8:12 pm
Posted on 10/3/20 at 7:21 pm to fallguy_1978
No but it keeps the company afloat until the other parts of the business come off the down cycle
Posted on 10/3/20 at 10:50 pm to jimjackandjose
The funny thing about oil and gas is that one hiccup in supply will make it skyrocket. The big survivors will eat up the little ones who went out of business.
However, Trump is making peace in the Mideast and reducing the chances of a hiccup in supply.
Still, traffic has returned to high levels in NYC in part because nobody wants to ride the trains and subways.
However, Trump is making peace in the Mideast and reducing the chances of a hiccup in supply.
Still, traffic has returned to high levels in NYC in part because nobody wants to ride the trains and subways.
Posted on 10/5/20 at 4:13 pm to Auburn1968
OPEC and Russia still have over 5 mmbpd on the sideline fyi to all.
Posted on 10/5/20 at 5:32 pm to Texas Tea 123
Thought OPEC+ had 8mmbo/d they can turn back on plus Iran and Lybia are underproducing then the projects in Brazil, Guyana, and Suriname about to come online...Are you excited to invest in EP companies yet? Neither am I.
Posted on 10/6/20 at 9:24 am to 8thyearsenior
I was being generous with my number, you are more correct.
Posted on 10/6/20 at 9:31 am to Texas Tea 123
There’s a natural depletion curve so I’m not so sure I buy the ability for opec and others to rebound so quickly. The oil market is very complex and I just don’t see a good balance with so much unknown on the demand side. Eventually lack of investment will catch up. I’m very interested in the IEA report on Thursday to see the change in consumption and production.
Posted on 10/6/20 at 11:19 am to C
Thinking about the longer term, I suspect that the same technology that has allowed America to become energy independent will soon be applied elsewhere all over the world. That will probably produce a glut even after covid ends.
In the shorter term, I suspect that all of production shutdown after oil's price per barrel became <$0 will produce a spike in price when demand ramps up.
Just my guess.
In the shorter term, I suspect that all of production shutdown after oil's price per barrel became <$0 will produce a spike in price when demand ramps up.
Just my guess.
Posted on 10/7/20 at 3:43 pm to Auburn1968
*CHEVRON TOPS EXXON AS BIGGEST U.S. OIL FIRM BY MARKET VALUE
Posted on 10/7/20 at 3:58 pm to Texas Tea 123
Maybe the passed during the day but at close Exxon still has them by a few billion. Not sure for how much longer...
Posted on 10/7/20 at 4:12 pm to C
I have 305 shares of Exxon. Bought right at about $34 back in March. I've lost all gains in it and sitting right at about even. Should I sell or hold? Opinions?
Posted on 10/7/20 at 4:49 pm to Auburn1968
Prefer CVX in big oil in US, prefer TOT over US, but they all come with risk. One broker has made four calls on CVX this year and was dead on on the first three. He just made the Buy call last week. We'll see how he bats for the year.
Posted on 10/7/20 at 5:20 pm to C
quote:
Chevron (CVX) closed with a higher market value than Exxon Mobil (XOM) Tuesday for the first time on record—but 2020 has been painful for both stocks.
Chevron outperformed the sector, gaining 2% to $73.78, leaving it with a market cap of $142.028 billion. Exxon Mobil advanced just 0.3%, finishing the day with a $141.646 billion market cap. The difference of $383 million might be small, but it counts.
This post was edited on 10/7/20 at 5:22 pm
Posted on 10/7/20 at 5:55 pm to Lee Chatelain
Watched it hover around ~ 44 then down to ~ 42. Collected dividend and out around 41. Quickly realized this isn’t my Grandfathers Esso.
Posted on 10/7/20 at 6:17 pm to Lee Chatelain
If you held this long, why sell are nothing now. It was 54 bucks just a few months back.
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