Predictions on future oil costs have gone crazy. Some are stating it could reach approximately $300 per barrel. This estimate seems a bit exaggerated to me, but why not be prepared? Despite the fact most oil stocks have been successful recently, there are always those unpredictable and inconsistent stocks to steer clear of.
Read the rest of the article at Turnkeyoil.com
Exxon Mobil, Inc. (XOM) shares trade for $82.73, the dividend is $1.76, the yield is about 2.1%. The earnings per share estimate is $7.17 for 2011 and $8.09 for 2012. I would buy XOM on corrections.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.