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  • Four Oil Giants to Keep an Eye on - Barron's [View article]
    XOM is at least 20% overvalued and trades at a significant premium to it's peers.

    That is taking into consideration their top notch balance sheet.

    Estimates are for a 40% decrease in earnings this year to 5.51

    Given a 10 pe and $6 in cash = $61

    They will also have billions in write downs on projects such as the oil sands, the Chavez seizure and other investments in projects that are no longer feasible.
    Jan 25 20:39 pm |Rating: +2 0 |Link to Comment
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