Leonard the Monkey

Four Oil Giants to Keep an Eye on - Barron's

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.

Transocean: Drilling For Profits

Thanks ace22 and User 151634.

Looks like we all agree on this one! Unless oil falls off a cliff and stays there I think the dips have to be bought.