.*.

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

Oh and one other thing. Yes they have a lot of cash. But unless you expect them to buy reserves at below market price for oil (possible, but not easy), then simply exchanging cash for reserves of equal value does not increase the value or earning power of the company.

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

Hard to argue. Revenue = price x volume. Extraction and refining costs have not gone down. With reserves constant, price must rise if revenue is to go up. If price does not rise, revenue cannot go up. Atr present XOM is stuck with a revenue linked to $45 oil. Earnings of $4/share sound about right. What am I missing?

Oil: The Inconvenient Truth

This was kind of like reading a stream of conciousness essay experiment. Wasted my time. Nothing new, interesting, creative, or particularly logical.