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re: Exxon was the world's largest company in 2013. Now it's being kicked out of the Dow
Posted on 8/26/20 at 12:29 am to Dawgwithnoname
Posted on 8/26/20 at 12:29 am to Dawgwithnoname
quote:
Until batteries get better and cheaper, it's unneeded technology
Batteries are getting better and cheaper every day.
I’ll never understand how free market people all of a sudden think they’ve found some insurmountable problem the market can’t solve. Yall sound like people at the turn of the century saying there will be no use for cars, horses will always be the key!!
Tesla is the future, DWI. And it has little to nothing to do with climate change so leave your politics at the door.
4
Posted on 8/26/20 at 12:39 am to Cold Drink
quote:
Tesla is the future
They make a nice vehicle.
But, their valuation is insane.
It's wayyyyy overpriced.
shite, musk called it overvalued at $600/share. It's $2,000 now.
Could electric be 25% of global vehicles in 20 years? Sure.
But, Tesla is valued as if that's 100% and they are only player in the game.
Posted on 8/26/20 at 1:40 am to C
quote:this...see Chevron.
Difference is Exxon offers almost nothing proprietary in bringing oil and gas to the market. So they’re just another O&G company.
Posted on 8/26/20 at 6:59 am to Cold Drink
quote:
Yall sound like people at the turn of the century saying there will be no use for cars, horses will always be the key!!
The problem is energy yields. We will have to get there at some point as oil is finite but there’s a reason it’s so widely used in the world. The laws of thermodynamics are hard to get around even for people like musk.
Posted on 8/26/20 at 8:25 am to boosiebadazz
quote:
Thanks a lot, JBE
A very very very small portion of XOM cash flows come from Louisiana, you know this right?
Posted on 8/26/20 at 8:30 am to Privateer 2007
quote:
Could electric be 25% of global vehicles in 20 years? Sure.
But, Tesla is valued as if that's 100% and they are only player in the game.
How do you make electricity to charge cars?
California is in the midst of rolling black outs and telling TSLA owners not to charge their cars bc the grid cannot handle it. So while going electric may seem 'noble,' you are doing nothing more than offshoring your carbon footprint while mining materials (cobalt, lithium) necessary to store the energy in batteries. So do we come out ahead at all when its all said and done?
Tesla owners in California asked to reduce charging because of a heatwave
Posted on 8/26/20 at 8:32 am to hubertcumberdale
Not if you hear oilfield folks in Louisiana tell it. Supply and demand and energy prices have nothing to do with it. It’s all JBE and his trial lawyer cronies
This post was edited on 8/26/20 at 9:21 am
Posted on 8/26/20 at 8:37 am to Privateer 2007
quote:I sold 5,000 shares of SO on 3/18 @ $59.92, it's always paid that dividend you speak of. I took that $$ and bought 1,100 shares of APPL a week later at around +/-$278/share.
Ppl are just pouring money into them.
I'll sit on some energy stocks who even in shite times are paying 4-6% dividend.
And will double as oil goes back up in the next few years.
Investing in most tech stocks is just betting than somebody is foolish enough to buy at higher values. Basically, it's a pyramid scheme.
TODAY SO sits at $54.41/share and APPL sits at roughly $500/share. SO would've never made me that much $$ in my deceased parents or my future grandkids lifetime.
When APPL splits, I can sell off a few shares and turn around and buy back that SO if I want. But if folks have been sitting on those widow stocks for the dividend while this market has been literally running, then they've missed a golden opportunity to make bank.
Posted on 8/26/20 at 8:37 am to rickgrimes
quote:
putting their money in sectors they don't already work in.
Never understood why people to that. I work in O&G and have stayed away from investing my money there. I don’t want my current income and retirement tied to the same industry.
Posted on 8/26/20 at 8:56 am to TheFlyingTiger
quote:
AWS is the scariest part of amazon, for sure.
wonder why they haven't been anti trust sued to hell?
they have the alphabet bois in their back pocket
Ironically, neither of these companies, AMZN or GOOGLE, are part of the DJIA.
Posted on 8/26/20 at 8:59 am to TheFlyingTiger
quote:
time to buy.
exactly
Posted on 8/26/20 at 9:01 am to Street Hawk
Hate to say it but all of the oilfield baws on here who think things will keep humming along like they always have are in for a rude awakening over the next decade or two. The writing has been on the wall for fossil fuels for years now, we wont see a complete split from oil and gas but we are going to see a steady decline in consumption over the coming years. I know that we cant properly replace fossil fuels with a universal alternative energy yet but it will come and judging by how much money is being invested in it, I would say it comes sooner rather than later.
This post was edited on 8/26/20 at 9:04 am
Posted on 8/26/20 at 9:05 am to Nigel Farage
quote:
will keep humming along like they always
You think things have been “humming along” in the oilfield? It’s been a shite-show for years. Historically an extremely erratic industry. O&G industry is better suited to handle the economic loss from Covid compared to most other industries bc they go through it every few years
Posted on 8/26/20 at 9:07 am to Street Hawk
The industry is in the position mostly because of leadership. Politics have something to do with it but 80% of it could of been avoided with better leadership. I have to work with a lot of company men (which are usually well educated people in difficult fields) and you would be surprised by how ignorant they were about basic economic and financial concepts like supply/demand.
Posted on 8/26/20 at 9:08 am to TheFlyingTiger
quote:
AWS is the scariest part of amazon, for sure.
wonder why they haven't been anti trust sued to hell?
Because owning 33% of the global cloud market is nowhere near a monopoly.
Posted on 8/26/20 at 9:09 am to Nigel Farage
quote:What's it gonna be?
I know that we cant properly replace fossil fuels with a universal alternative energy yet but it will come and judging by how much money is being invested in it, I would say it comes sooner rather than later.
Posted on 8/26/20 at 9:10 am to Street Hawk
ExxonMobil isn't just an Oil & Gas Conglomerate. It's a very diversified Corporation. So what if it's not a Tech Stock in the DJIA
Posted on 8/26/20 at 9:11 am to Street Hawk
quote:
at a time of deep concern about the climate crisis
Posted on 8/26/20 at 9:11 am to Cold Drink
quote:
Batteries are getting better and cheaper every day.
They are, but the most efficient and effective way to get these rare earth metals is strip mining and utilizing toxic chemicals to separate them mostly from the ore in the field. A lot of these special/rare metals are in China and in Africa.
Will environmentalist accept these necessary pollutants or will they call for the same environmental regulations we have in the US and EU and then pay the subsequent tripling in price?
Posted on 8/26/20 at 9:14 am to Street Hawk
My experience with ExxonMobil at the facilities i have supported is the dumbest people imaginable are promoted in field operations, you can usually go through a list of employees, pick the worst one imaginable to be promoted and thats 9/10 the one that will get a bump.
It's all political with no merit
It's all political with no merit
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