Richard Glenn

Exxon Apostasy: A Closer Look at the Oil Giant's Real Valuation

Thanks for a well thought out argument. The comments above are exhibit "A" for religious attitudes toward some stocks. XOM is indeed a very well run company, but even a good company can be overpriced. And what do you think will happen to the price of oil once someone develops a battery capable of easily powering a car? My guess is $5 / bbl, as the only place it will be used is jetfuel and chemical feedstock.