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Started By
Message
re: XOM at Four Month Low
Posted on 8/25/20 at 7:26 pm to Texas Tea 123
Posted on 8/25/20 at 7:26 pm to Texas Tea 123
A truly inept boatload of wannabe managers trying to see who can run their department into the ground first. And they still think they are the smartest people in the room.... the stock is down bigly!
0
Posted on 8/26/20 at 9:56 am to Texas Tea 123
quote:
Do you know how many holders count on that for income?
The stock would pop if they cut the dividend
Posted on 8/26/20 at 12:19 pm to barry
Im working in South America, where XOM has all of their "nest Eggs"
FYI they hit the biggest oil well known to man and are investing all of their resources their.
But they will be pulling oil out of this well for the next 20 years Minimum.
I have not been impressed by any of the company men I have seen at the meetings or their speeches. Most come off as young dudes who knew someone to get their jobs.
But XOM will be there for a while. Every subcontractor and XOM has been cutting benefits across the board for their employees. Eventually they want to run off all the americans and use the cheap slave labor from the south american companies.
Im thinking about investing bc I dont see the stock dropping.
FYI they hit the biggest oil well known to man and are investing all of their resources their.
But they will be pulling oil out of this well for the next 20 years Minimum.
I have not been impressed by any of the company men I have seen at the meetings or their speeches. Most come off as young dudes who knew someone to get their jobs.
But XOM will be there for a while. Every subcontractor and XOM has been cutting benefits across the board for their employees. Eventually they want to run off all the americans and use the cheap slave labor from the south american companies.
Im thinking about investing bc I dont see the stock dropping.
Posted on 8/26/20 at 12:43 pm to dontpeeinthepool
Biggest as in largest field or in production numbers for a single well? If it is the latter I would be curious to know the rate the well is producing?
Posted on 8/26/20 at 1:37 pm to GREENHEAD22
He’s talking about Guyana.
Posted on 8/26/20 at 1:53 pm to C
I am well aware of that but Guyana is not the largest field ever found so just trying to get clarification on what he is talking about.
Posted on 8/26/20 at 2:11 pm to Texas Tea 123
quote:
-Repurchase $50B+ stock at all time highs (2011-2015)
This is why I get frustrated with stock buy backs, especially for companies that have large cap-ex requirements to maintain or grow the business, and/or go overpay drastically for acquisitions. Cash is never available when stock buybacks are cheaply priced and a good use of excess cash. I strongly believe there are very few CEO's who are truly upper tier, the rest are just greatly overpaid and focused on whatever will give the company higher valuation short term to hit their bonus/deferred comp numbers. I don't own XOM, I have just seen this shite play out through way too many deep market declines.
Posted on 8/26/20 at 2:23 pm to GREENHEAD22
quote:
I am well aware of that but Guyana is not the largest field ever found so just trying to get clarification on what he is talking about.
Well if Im wrong about anything else, dont be shy.
This post was edited on 8/26/20 at 2:24 pm
Posted on 8/26/20 at 2:35 pm to dontpeeinthepool
Hey just don't come to MB like it's the OT, plenty of sharp, well informed individuals here especially in the O&G industry.
I was genuinely hoping you had info on a monster well.
I was genuinely hoping you had info on a monster well.
Posted on 8/26/20 at 3:18 pm to tirebiter
quote:
Cash is never available when stock buybacks are cheaply priced and a good use of excess cash.
I think buybacks are interesting game with a dividend yielding stock. If they hadn’t bought back stock over the last 14 years, their dividend would be costing them 50% more each quarter which equates to about $50B in costs over that time period. Of course it spent $210+ B over that time period on buyback... guess they should have been buying Apple with that...
Posted on 8/26/20 at 3:23 pm to skewbs
Sorry for XOM’s loss but Salesforce jumped 22% today!!!!!!
Posted on 8/26/20 at 3:50 pm to SlidellCajun
quote:
The stock would pop if they cut the dividend
I disagree. It would sell off and then gradually recover over the next 6-12 months, eventually surpassing it's pre-cut price.
Posted on 8/26/20 at 3:52 pm to Texas Tea 123
quote:
quote:
-Repurchase $50B+ stock at all time highs (2011-2015)
This is why I get frustrated with stock buy backs, especially for companies that have large cap-ex requirements to maintain or grow the business, and/or go overpay drastically for acquisitions. Cash is never available when stock buybacks are cheaply priced and a good use of excess cash. I strongly believe there are very few CEO's who are truly upper tier, the rest are just greatly overpaid and focused on whatever will give the company higher valuation short term to hit their bonus/deferred comp numbers. I don't own XOM, I have just seen this shite play out through way too many deep market declines.
My man! Beers on me.
Posted on 8/26/20 at 5:25 pm to Texas Tea 123
quote:
My man! Beers on me.
Bring the hazy and dank, my man!
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