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XOM at Four Month Low
Posted on 8/25/20 at 12:30 pm
Posted on 8/25/20 at 12:30 pm
I'm assuming most think XOM is a buy at this level - ie. just under $41/share. Outside of the big drop in March when the entire market fell, this is the lowest it's been in quite a while. Wondering if this recent downward trend will continue further. Interested to hear others thoughts who may be closer to the O&G industry.
This post was edited on 8/25/20 at 12:31 pm
7
Posted on 8/25/20 at 12:38 pm to skewbs
I would agree. That dividend is so nice... Might pull the trigger today
Posted on 8/25/20 at 12:45 pm to skewbs
And out of the Dow :(
This post was edited on 8/25/20 at 12:46 pm
Posted on 8/25/20 at 12:48 pm to skewbs
Chevron is the play in O&G. Their balance sheet is far superior to any in its class. Plus the dividend is sacrosanct. The executive board would lay off their own mothers before it touched the dividend- about 6-7% annually.
Posted on 8/25/20 at 12:49 pm to castorinho
quote:
And out of the Dow :(
Yea my notification was that is the reason it's down roughly 3% today.
Posted on 8/25/20 at 12:58 pm to skewbs
Wait until the forced selling occurs when they get removed from the DOW
Posted on 8/25/20 at 1:17 pm to wutangfinancial
Why were they removed from the Dow? What does this mean for current stockholders?
Posted on 8/25/20 at 1:33 pm to Tchefuncte Tiger
quote:
Why It Matters: The iPhone maker is one of the constituents of the DJIA index and the company’s stock split decision could bring down the index weightage on the Global Industry Classification Standard (GICS) IT sector. With the new additions, S&P Dow Jones hopes to offset this reduction and remove company overlap in the index.
LINK
Not sure what it means to current stock holders. Not as much exposure in funds that only track the DOW?
Posted on 8/25/20 at 1:34 pm to wutangfinancial
quote:
Wait until the forced selling occurs when they get removed from the DOW
Good point wutang. I'm assuming it's b/c most of the ETF's tracking the DOW will sell XOM? Any idea on when this will happen?
Posted on 8/25/20 at 2:06 pm to Tchefuncte Tiger
quote:
Why were they removed from the Dow? What does this mean for current stockholders?
Nothing
The dow is an antiquated, pointless index.
Posted on 8/25/20 at 2:12 pm to itsbigmikey
quote:
That dividend is so nice.
They're gutting the company to preserve the dividend...might not end well...or div eventually gets cut.
Posted on 8/25/20 at 2:40 pm to cwill
XOM has been dead money for me for 7 years (even with the dividend reinvested). Electric cars, solar, maybe gas is going the way of the dinosaur
Posted on 8/25/20 at 3:36 pm to cwill
quote:
They're gutting the company to preserve the dividend...might not end well...or div eventually gets cut.
This is what I would be concerned with. Their competitors have slashed their dividends to help better weather the storm.
Posted on 8/25/20 at 3:41 pm to itsbigmikey
Dividend is at severe risk, IMO. All other companies cutting
This post was edited on 8/25/20 at 3:42 pm
Posted on 8/25/20 at 3:45 pm to cwill
quote:
They're gutting the company to preserve the dividend...might not end well...or div eventually gets cut.
Exactly and they should be reinvesting that capital to evolve the company, but it is the most old school rigid company in O&G. Think IBM.
Posted on 8/25/20 at 4:47 pm to barry
I know it may be seen as a buy, but I’m strongly considering selling at a loss to offset some gains taken earlier this year.
I’m at a 50% loss right now, including dividend reinvestment.
XOM is struggling to preserve the dividend and weather the COVID demand market.
I’m at a 50% loss right now, including dividend reinvestment.
XOM is struggling to preserve the dividend and weather the COVID demand market.
Posted on 8/25/20 at 5:49 pm to skewbs
i bought this at 41 like 5 months ago. This stock has done nothing. i sold for a small lose just to get rid of. If you got 3 or 4 years maybe its a buy.
Posted on 8/25/20 at 5:50 pm to LSUtigerME
XOM has dividend'ed and capex'ed their way into dangerous territory.
They will literally do anything to not cut that dividend.
Do you know how many holders count on that for income?
Warning - cyclical commodity businesses should not be bought for dividends.
XOM is a huge value trap in my opninion.
There are better O&G companies to own for exposure to that sector, in my opinion - CVX for a mega cap; COP/EOG/PXD for a large cap; FANG/PE/CXO/HES for a mid/large cap.
They will literally do anything to not cut that dividend.
Do you know how many holders count on that for income?
Warning - cyclical commodity businesses should not be bought for dividends.
XOM is a huge value trap in my opninion.
There are better O&G companies to own for exposure to that sector, in my opinion - CVX for a mega cap; COP/EOG/PXD for a large cap; FANG/PE/CXO/HES for a mid/large cap.
This post was edited on 8/25/20 at 5:51 pm
Posted on 8/25/20 at 5:58 pm to skewbs
Chevron is more to my liking. Better financial shape.
Posted on 8/25/20 at 6:58 pm to Skeezer
XOM's 2010s:
-Spend $250B on capex
-Spend $50B on upstream acquisitions, mostly chasing shale
-Repurchase $50B+ stock at all time highs (2011-2015)
-Purchase at least 10 private jets
-Pay execs millions and millions and millions of dollars
-Under perform S&P 500 by a million percent
-Spend $250B on capex
-Spend $50B on upstream acquisitions, mostly chasing shale
-Repurchase $50B+ stock at all time highs (2011-2015)
-Purchase at least 10 private jets
-Pay execs millions and millions and millions of dollars
-Under perform S&P 500 by a million percent
This post was edited on 8/25/20 at 7:08 pm
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