Exxon Mobil Corp. (XOM)
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- Oil Industry: Farewell, Good Old Days [view article]
- Hunting Season in Blue Chip Territory [view article]
- Paulson Finally Doing the Right Thing [view article]
- 95 Stocks with Low Debt to Equity [view article]
- Exxon Mobil Appears at Lower End of Valuation Range [view article]
- Comparing This Past Week to the '87 Crash [view article]
- Bargain Buys For Patient Investors - Barron's [view article]
- Trying to Catch a Falling Dollar [view article]
- Stop the Week, We Want to Get Off [view article]
- Ten Texas Stocks [view article]
- Energy, Inflation and Gold [view article]
- Options Trader: Thursday Outlook - How Much More Disappointment Can We Stand? [view article]
Recent XOM Articles
- Paulson Finally Doing the Right Thing
- 95 Stocks with Low Debt to Equity
- Comparing This Past Week to the '87 Crash
- Exxon Mobil Appears at Lower End of Valuation Range
- Oil Industry: Farewell, Good Old Days
- Bargain Buys For Patient Investors - Barron's
- Hunting Season in Blue Chip Territory
- Stop the Week, We Want to Get Off
- Ten Texas Stocks
- Trying to Catch a Falling Dollar
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Comparing This Past Week to the '87 Crash [view article]
Looks like data mining to me! A week in time means little. ReplyOil Industry: Farewell, Good Old Days [view article]
Andrew,No offense, fella, but the last time I checked (this morning) oil prices were still at RECORD historic highs. And worldwide production was still DECLINING, and still controlled by a CARTEL.
As regards NG, the U.S. is now awash in the stuff thanks to modern exploration and production techniques. But don't confuse the two! Oil can be transported and sold the world over, but NG production is STRANDED by its very nature. And don't worry, we'll find uses for ALL of it as a utility and transportation fuel.
As for energy companies going broke, that's always been true. (Not just for them, actually, but for all types of private enterprises.) Again, not to worry, the one's that don't survive will be replaced by others.
As Boone Pickens himself would tell you, he's become a billionaire several different times!
Reply
Comparing This Past Week to the '87 Crash [view article]
Bespoke Investment Group's charts are virtually always insightful and fact based -- this one is another good example.It would be nice to see the Dow Stocks in a table with current P/E, P/Bk, P/Sales, and P/Cash Flow, along with a last line entry showing the Dow's long run average for these benchmarks.
As for Chris E's comment above -- beware -- and be wary:
1. I do not believe that the $400b in CDS's (Credit Default Swap) have been paid, which are the contract obligations due on the Lehman debt default auction which was completed at the end of last week.
2. Chris E's website is non-operational.
Tim Butler
Reply
Detective
Oil Industry: Farewell, Good Old Days [view article]
Tough times ahead!industry.bnet.com/ener.../
Reply
Bargain Buys For Patient Investors - Barron's [view article]
What about solid utilities yielding 6 and 7 percent? Any thoughts? ReplyExxon Mobil Appears at Lower End of Valuation Range [view article]
Interesting article, and I agree with the conclusions. Of course, we still don't know what is going to happen with financial markets and the global macroeconomy, but I don't have to look at any 'curves' to know that eventually oil demand is going to 'outrun' oil supply again, and for several reasons. How could it possibly be otherwise? ReplyOil Industry: Farewell, Good Old Days [view article]
Well, Andrew, time for me to put on my *Leading academic energy economist in the world' beret again. Take the first line of your contribution for example, about the lack of credit putting the "crimps" on plans to explore and develop. Although this is not certain, I would call it very bad news if it is true, because the demand for oil and gas is NOT going to go into a nosedive, and when this macroeconomic/financia... trouble blows over, that demand is definitely going to begin climbling again.You mentioned the IEA (as I call it). Its executive director mailed me a month or so ago and suggested that I was off my nut because of my ridiculing the forecasts of his organization. Specifically, he said that I said that the IEA had predicted a production of 121 mb/d in 2030, when actually the IEA only predicted consumption. This was what is generously called 'a departure from the truth', because I spent a few very pleasant hours discussing this crazy production forecast with my class at the engineering university in Bangkok, and as for Monsieur Mandil (of the IEA), I explained to him that an intertemporal consumption forecast without some indication of production over the same time horizon hardly deserved to be called nonsense.
Of course, what that gentleman is doing is backing up his drowsy employees, because as his fellow countryman M. de Margerie must have explained to him at one of those wonderful Parisian lunches, it is not at all certain that world oil production will ever exceed 100 mb/d.
On the other hand, you are almost certainly correct when you say that there are some beautiful values "out there" thanks to excessive pressure on the panic button. Reply
Exxon Mobil Appears at Lower End of Valuation Range [view article]
I believe that you need to look at the typical international agreement with major producing countries to gain an understanding of the data. Most agreements with major oil producing counties give a margin so to speak to the major oil company to cover operating costs and profit; therefore when oil prices are high (above $100/bbl) the producing country retains more of the proceeds from the oil produced and and the major oil company receives a lower percentage of the total oil reserves than when oil is in the $60-$80 range. ReplyComparing This Past Week to the '87 Crash [view article]
So hedge funds had to cough up $400+ billion to pay for their Lehman's CDS positions. The market was very very nervous of more defaults before the settlement last Friday, but it looks like it's all been settled in a fairly orderly manner. Now one side is down $400+ billion and the other side is long $400+ billion. My guess is that the side that's now long $400+ billion is going to use their new cash to squeeze the heck out of the market shorts and make more money. What can be a better time to do this than now? So, perhaps, just perhaps, we can expect the rally of a lifetime soon as the shorts run for cover from a tsunami of buying. But, I might be completely wrong. Still, it is a scenario that makes sense. The world governments have done more than enough to unlock credit but I think credit was tight because of concerns over the Lehman CDS settlements. Now that is out of the way, anything can happen, which means that everything will probably happen all at once. ReplyBargain Buys For Patient Investors - Barron's [view article]
Well done article. Nicely researched and sensible. ReplyBargain Buys For Patient Investors - Barron's [view article]
Other than tech stocks, anything else worth looking at ?Don't have much left after all these stormy days, you know. Reply
Trying to Catch a Falling Dollar [view article]
WELL DONE. DON'T FIGHT THE TREND. WHY HASN'T MR. Q. PUBLIC HAS NOT LEARNED HOW TO SHORT BY NOW I CAN NOT COMPREHEND. SELL THE RALLIES WITH SHORT ETFs. THAT IS IF WE HAVE A MARKET COME WHAT MAY ReplyStop the Week, We Want to Get Off [view article]
woodsey, How come only American automakers need loans all the time ? Not V W or Toyota. When GM turned into the biggest BEGGARin the world, who did it to GM ? Throughout the last 45 years living in the USA, all I heard was Workers Strikes, all over the damn place, every year
like that, you won't hear that in Japan, maybe once in lifetime. Now tell me what's wrong with Boeing ? those overpaid workers still want to tear down the company. Why ? Tradition ? or Bad habbits ? Reply
Stop the Week, We Want to Get Off [view article]
moose, I do not see that quote on Tuesday, quite the opposite I see a prediction that the Dow could go as low as 7,000 and a call to take ultra-shorts and USO puts that gained 37% in 3 days. Why the effort to discredit this guy by you and CME? At least try to work with facts and not attribute false statements to the author, who was brilliant all week.Reply
Stop the Week, We Want to Get Off [view article]
I made a huge amount of money last week until I got caught in a short squeeze and then I "broke" even.(It's hard being broke.) Reply