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Started By
Message
What’s the deal with Exxon?
Posted on 8/26/20 at 6:36 pm
Posted on 8/26/20 at 6:36 pm
Was once the stock! Now floundering.
Is it still a good buy?
Is it still a good buy?
7
Posted on 8/26/20 at 8:32 pm to Spec1
They have been slowly decreasing overall stock price for the past 5 years. Dividend is high though.
It’s just the market right now. Until overall travel and oil/gas/jet fuel usage goes up all these companies will have a slow recovery. They are also impacted even more since they have upstream (drilling exploration), downstream (refineries), chemical plants, and r&d. All those industries are some what impacted so the overall operating cost is high.
It’s just the market right now. Until overall travel and oil/gas/jet fuel usage goes up all these companies will have a slow recovery. They are also impacted even more since they have upstream (drilling exploration), downstream (refineries), chemical plants, and r&d. All those industries are some what impacted so the overall operating cost is high.
Posted on 8/26/20 at 9:20 pm to Spec1
Market is cyclical.
Don’t get caught up in the headlines about it dropping off the DJIA.
DJIA is a price weighted index and since Apple split 4 to 1, they needed to place another tech, CRM, on the index.
CRM is now creating a “nightmarish” scenario because it jumped a lot today and now tech may be overweighted.
Don’t get caught up in the headlines about it dropping off the DJIA.
DJIA is a price weighted index and since Apple split 4 to 1, they needed to place another tech, CRM, on the index.
CRM is now creating a “nightmarish” scenario because it jumped a lot today and now tech may be overweighted.
Posted on 8/26/20 at 10:54 pm to Spec1
quote:
Was once the stock! Now floundering.
July 14th, 2014 was the beginning of the end for XOM as an aspirational stock. I don't think it will ever regain it's lost glory. It's all about tech right now as it has been for a while, and the big tech companies are only consolidating their market power even more.
quote:
Is it still a good buy?
If you want to underperform the market, which it has managed to do for the last 6 years...then for sure go for it.
No amount of dividend is going to make up for the -45% return over the last 5 years that you see in the chart below. This stock is a POS.
This post was edited on 8/27/20 at 1:45 am
Posted on 8/27/20 at 6:42 am to hottub
quote:
and now tech may be overweighted.
IMHO it’s been overweight since halfway through the Corona virus pandemic. Investors have flocked to big tech with no where else to go.
Don’t know when it will pop but I’m looking at an ever enlarging tech bubble in the short run.
Posted on 8/27/20 at 9:08 am to TigerCrude
quote:
It’s just the market right now
I've seen this mentioned and the green energy movement as well a lot in these discussions about Exxon, and it's somewhat true, but the fact still remains that they have not been a well run business for a while now.
Posted on 8/27/20 at 9:16 am to TigerCrude
quote:
Dividend is high though.
What good does that do if your equity position has been reduced by 50+%?
Posted on 8/27/20 at 3:46 pm to Street Hawk
quote:
If you want to underperform the market, which it has managed to do for the last 6 years...then for sure go for it.
What does this have to do with any decision to buy the stock right now? Past performance is not an indicator of future performance. It is just a data point to sway your decision making. The decision to buy today is not based on what the stock did the last 6 years, but what you think it will do the next XX months or years.
Posted on 8/27/20 at 4:01 pm to skewbs
They are in an extremely capital intensive, cyclical commodity business (they are price takers) with too much cash going out the door via dividends and capex (and not earning a return over their cost of capital on this capex).
It's a bad business and to be successful in it you have to have the highest quality assets and be prudent and disciplined in deploying capital. They are not. It's a loser vs. Chevron and others.
It's a bad business and to be successful in it you have to have the highest quality assets and be prudent and disciplined in deploying capital. They are not. It's a loser vs. Chevron and others.
Posted on 8/27/20 at 4:34 pm to Spec1
I think they're hoping they get bought our by a SPAC.
Posted on 9/8/20 at 8:17 am to TigerCrude
XOM now $38.21 / share. Still swirling the bowl. What does Darren Woods do all day? Not managing his company out of the gutter, that’s for sure.
This post was edited on 9/8/20 at 8:18 am
Posted on 9/8/20 at 8:46 am to TDFreak
Forecasted oil prices took another dip.
Posted on 9/8/20 at 8:52 am to GREENHEAD22
Woods needs to go... but this is oil price driven.
Xom has some good things they refuse to market. Technology in sustainable initiatives, own the lithium battery patent. Bunch of Brits running the company down
Xom has some good things they refuse to market. Technology in sustainable initiatives, own the lithium battery patent. Bunch of Brits running the company down
Posted on 9/8/20 at 9:00 am to Spec1
Energy has been a dog for some time now. I used to actively trade some of the oil service companies. I remember selling some Schlumberger near $100/share. It's $18 now.
Posted on 9/8/20 at 9:34 am to fallguy_1978
quote:
Energy has been a dog for some time now
Speaking of Dogs My VLO has been just that the last 3 months
Not selling to big of a loss will hold.Posted on 9/8/20 at 9:42 am to FLObserver
I've made about 1k on your BUD recommendation 
Posted on 9/8/20 at 9:47 am to Spec1
Great dividends.
Chevron is the play I'm going for atm tho. Buying up a bunch and then going to dump in 24 months once the market recovers a bit more.
Chevron is the play I'm going for atm tho. Buying up a bunch and then going to dump in 24 months once the market recovers a bit more.
Posted on 9/8/20 at 10:31 am to GREENHEAD22
quote:
Forecasted oil prices took another dip
Seems like everyone had forgotten about OPEC+ having about 7 million bpd spare capacity. WTI had no business being in the $40s and wouldn't be surprised to see high $20s.
Posted on 9/8/20 at 10:33 am to 8thyearsenior
quote:if you see guidance from most of these O&G companies provided in Q2, they're bracing for lower oil prices.
WTI had no business being in the $40s and wouldn't be surprised to see high $20s.
Posted on 9/8/20 at 12:04 pm to fallguy_1978
Glad i could help Now if draftkings can get moving then I think most of my recommendations have panned out 
Now if draftkings can get moving then I think most of my recommendations have panned out This post was edited on 9/8/20 at 12:24 pm
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