Seeking Alpha
  • Sir. Monaco
    $XOM $UNG $SPY // Exxon major write-down coming? Exxon's XTO acquisition in $41-billion deal. U.S. gushes nat gas, 4 more wells today socal
    6/7/13
    Reply (8)
    • Sir. Monaco: 2010's XTO shareholders make out like bandits, /// we expect more co's try to sell co's in 2013 bf natural gas completely falls flat,
      6/7/13
    • combatcorpsmanVN: lol, is it your belief that $XOM investments in Nat/Gas was a catastrophic mistake? You alone claim to know more than $XOM about NG - LOL
      6/10/13
    • JABATOCA: Sorry, I agree on this with Sir Monaco, so he is not alone on this comment. Please note I am in the Gas bussiness since 1984.
      6/12/13
    • combatcorpsmanVN: Well, the financial fundaments of $XOM don't support your thesis. With respect, being in the 'Gas business' doesn't cut a lot of ice.
      6/12/13
    • Sir. Monaco: Cmbtcorpsman, we'r talking about Goodwill attributed to XTO, which has nothing to do with what you reference, http://bit.ly/Y94bMc
      6/12/13
    • Sir. Monaco: I actually like XOM and their fins, but from an accounting perspective it is standard procedure to write-down goodwill when required, //
      6/12/13
    • Sir. Monaco: you can only stretch out not doing so for only so long, // ...
      6/12/13
    • JABATOCA: Please note XOM makes well business model for 30 years now (long). We mortals only have one year plan to make our living (short ng). Regards
      6/13/13