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The Only stock to buy now...

Posted on 3/11/20 at 5:18 pm
Posted by Ricky1962
Member since Oct 2012
163 posts
Posted on 3/11/20 at 5:18 pm
Exxon...

It was at $100 a few months ago. Now at $42. Exxon has a 7% yield. The average 20 year price is $85. They also have so much cash in the bank, it’s rock solid.
Posted by bayoubengals88
LA
Member since Sep 2007
18945 posts
Posted on 3/11/20 at 5:23 pm to
CVX has faired much better since 2014.
Posted by Street Hawk
Member since Nov 2014
3460 posts
Posted on 3/11/20 at 5:24 pm to
quote:

It was at $100 a few months ago. Now at $42. Exxon has a 7% yield. The average 20 year price is $85. They also have so much cash in the bank, it’s rock solid.

How does the automobile sector in the developed world moving to majority EVs by 2025-2030 affect oil demand and stock price of something like XOM in the future? Is it still a good investment considering the fundamental shift to EVs that's coming (Ex: UK will no longer sell new gas or hybrid cars starting 2025)? Serious question because I have no idea how much of the oil that is produced is used to power vehicles vs. making other oil and hydrocarbon based products.Thx.
This post was edited on 3/11/20 at 6:15 pm
Posted by TigerintheNO
New Orleans
Member since Jan 2004
41200 posts
Posted on 3/11/20 at 5:32 pm to
I couldn't decide between the two, so I went with FENY

quote:

Top 10 Holdings

XOM Exxon Mobil Corp 24.70%
CVX Chevron Corp 21.61%
COP ConocoPhillips 5.14%
KMI Kinder Morgan Inc 4.40%
PSX Phillips 66 3.79%
SLB Schlumberger NV 3.39%
VLO Valero Energy Corp 3.34%
EOG EOG Resources Inc 3.26%
MPC Marathon Petroleum Corp 3.01%
WMB Williams Companies Inc 2.65%
Posted by crazycubes
Member since Jan 2016
5256 posts
Posted on 3/11/20 at 5:32 pm to
quote:


The Only stock to buy now
SQQQ?
Posted by fallguy_1978
Best States #50
Member since Feb 2018
48570 posts
Posted on 3/11/20 at 5:35 pm to
quote:

How does the automobile sector in the developed world moving to majority EVs by 2025-2030 affect oil demand and stock price of something like XOM in the future?

I don't know about global demand for EVs but I think it will be 25+ years before they are a majority of vehicles on the road in the US.
Posted by deeprig9
Unincorporated Ozora, Georgia
Member since Sep 2012
64044 posts
Posted on 3/11/20 at 5:37 pm to
It's at a 16 year low but there's more downside just due to more overall market downside. And the "theyve never cut div" talk doesn't mean they won't have to with oil prices in the gutter in addition to lower global demand.

Posted by deeprig9
Unincorporated Ozora, Georgia
Member since Sep 2012
64044 posts
Posted on 3/11/20 at 5:38 pm to
Im thinking CIM and INTC (in a few weeks)
Posted by bayoubengals88
LA
Member since Sep 2007
18945 posts
Posted on 3/11/20 at 5:41 pm to
quote:

CIM


Might be the only thing I buy in my Roth.
$16.xx would be a gift
Posted by buckeye_vol
Member since Jul 2014
35239 posts
Posted on 3/11/20 at 5:42 pm to
quote:

It was at $100 a few months ago.
It hasn’t even reached $90 in over 3 years, and $84 over the last year. The last time it was over $70 was nearly 6 months ago.

You might want to get the easily verifiable historical information correct before making decisions about the future, let alone recommending them.

This post was edited on 3/11/20 at 5:54 pm
Posted by Ricky1962
Member since Oct 2012
163 posts
Posted on 3/11/20 at 6:03 pm to
It was $94 in July of 2016 ....and $102 in May of 2014.

EOM is also a HUGE natural gas producer, which runs power plants to charge electric cars (which will basically tank with gas at $2). They also export LNG in massive quantities.
Posted by Ricky1962
Member since Oct 2012
163 posts
Posted on 3/11/20 at 6:08 pm to
Also, 7% yield and any stock you buy, you should plan to hold for at least 5 years.
Posted by Strannix
District 11
Member since Dec 2012
48941 posts
Posted on 3/11/20 at 6:09 pm to
quote:

How does the automobile sector in the developed world moving to majority EVs by 2025-2030




Let's take your ridiculous hypothetical at face value, there are about 6000 other critical products made from refined crude, including a huge amount of chemical precursors.

Will these vehicles you speak of have tires? Seats? Dashes? Plastic?

Gasoline is a byproduct at the end of the day.

Posted by iAmBatman
The Batcave
Member since Mar 2011
12382 posts
Posted on 3/11/20 at 6:10 pm to
2014 isn’t a few months ago jackass. Hell, it’s barely a few years ago. Almost an entire decade from today
Posted by Strannix
District 11
Member since Dec 2012
48941 posts
Posted on 3/11/20 at 6:17 pm to
I see a low IQ low T anti science cuck downvoted me, why not reply so you can get owned?
Posted by iAmBatman
The Batcave
Member since Mar 2011
12382 posts
Posted on 3/11/20 at 6:22 pm to


You sure are getting worked up over fake internet points baw.

I added another downvote just to see what you’d do
Posted by buckeye_vol
Member since Jul 2014
35239 posts
Posted on 3/11/20 at 6:27 pm to
quote:

and $102 in May of 2014.
What does the price nearly 6 years ago have to do with the discussion about the price:
quote:

It was at $100 a few months ago.
In addition, regardless of how good of a company it is, whether compared to its own sector or overall, like the rest of the energy sector, it’s struggled throughout the 2010s, despite a historical bull run.

In fact, during those 10 years, even reinvesting dividends, Exxon had a lower annualized growth (3.54%), than total bond fund (3.58%), while the S&P500 grew by 13.4% annually.

And now when the overall market is struggling mightily, due to a virus that is already having a major, material impact on travel (which relies heavily on (O&G), and just days after Russia and Saudi Arabia started an outright oil war, by purposely flooding the market with supply to see who can outlast the other, resulting in a poor outlook for O&G companies (already slashing CAPEX; bankruptcies for the high debt companies), THE ONE STOCK YOU’RE recommending is an O&G company that couldn’t even beat the historically poor performance of the bond market when the stock market was smoking?
Posted by Strannix
District 11
Member since Dec 2012
48941 posts
Posted on 3/11/20 at 6:28 pm to
And still no coherent response to your electric car fantasy, game set match

Thanks for playing baw
Posted by Street Hawk
Member since Nov 2014
3460 posts
Posted on 3/11/20 at 6:51 pm to
quote:

Let's take your ridiculous hypothetical at face value, there are about 6000 other critical products made from refined crude, including a huge amount of chemical precursors.

Will these vehicles you speak of have tires? Seats? Dashes? Plastic?

Gasoline is a byproduct at the end of the day.

I did say this in my post:
"Serious question because I have no idea how much of the oil that is produced is used to power vehicles vs. making other oil and hydrocarbon based products."

So what percentage of global oil is used as gasoline consumption for running vehicles vs the 6000 other things you mentioned? Do you have any specific data points that you can share?
Posted by LSUGUMBO
Shreveport, LA
Member since Sep 2005
8526 posts
Posted on 3/11/20 at 6:52 pm to
Hasn’t been $100 in a couple of years. I’m a holder, and the 52 week high is only $83.

I definitely want to add to my position- I’m fairly certain it will recover, but it hasn’t been $100/share in several years
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