Seeking Alpha

Popeye1250 » Comments » XOM

  • Time to Get Long Black Gold? How Option Spreads Can Pay Off [View article]
    Pardon me, with this "additional" 3.5 million shares that NAT put out on the market yesterday I wouldn't be at all surprised to see the shares go to the $18-$20 level as opposed to $22-$23 per share.
    Dilution is dilution.
    May 13 12:21 pm |Rating: +1 0 |Link to Comment
  • Time to Get Long Black Gold? How Option Spreads Can Pay Off [View article]
    Here we go again!
    Everytime NAT puts out more shares to the public like they did yesterday at 3.5 million shares the shares get diluted and the stock price falls back down to $22-$23 per share in a month or so just like clockwork.
    I'm selling my shares today (wed.) and waiting for a month or two to buy back in.
    This is what, the third time they've done it in a year and a half I believe.
    If the shares keep getting diluted like this twice a year how much is the *true value* of the shares? Certainly not $30 per share.
    May 12 23:48 pm |Rating: 0 -1 |Link to Comment
More on XOM by Popeye1250
Comments by Ticker
Popeye1250's
Comments Stats
11 comments
Rating: 1 (7 - 6 )