Kevin Stecyk

Barron's on ExxonMobil: 'What a Gusher'

Yeah, there are two goofs, one an incorrect copy of the title and second, including my picture from my blog. I'll let the editors know.

Don't Believe Long-Term Oil Forecasts

Be sure to read part II of this article:

seekingalpha.com/artic...

Don't Believe Long-Term Oil Forecasts

Please ignore the second last paragraph where the article mentions my Fish Creek Park photograph. On my blog, where Seeking Alpha found my article, I usually have a random photograph to begin my posts. At the end of the article, I usually write a brief blurb. Unfortunately, the photograph stuff was captured in this Seeking Alpha post. The editors might have removed the offending paragraph by the time you read this note.

Exxon's High Valuation Is Hard to Comprehend

>>They have the cash flow to keep buying their shares which would scare anyone dumb enough to try and short them.

To some degree, offsetting the share repurchase programs is falling production. Compare current production with that from one year ago. It's about nine percent lower.

Moreover, if you look at the last four months in the last graph, the red squares show that Exxon is reasonably insensitive to oil price movements. Oil price has fallen from over $100 to about $40. Share repurchases have not compensated for that change in oil prices.