All of these blue chip high dividend stocks have been running up for 5+ yeas now because of these Wall Street patsies at the FED. So they'll be the first to get whacked. Because the small caps have already undergone that painful exercise. XOM is a Dow stock. Thus it took gas today.
Why are our NG prices so low vs others? Oil shale reserves? How about other countries finding the same amounts of NG in oil shale deposits in the future? If it happens here couldn't it happen over there? And if it does so goes plays like XCO and countless other N American NG plays. Just asking a logical concerned-like question. In at about $7 for over a year now. If I could have that $9 spot back I'd be one happy guy.
Yellen will come out and make one of her patsy pro-Wall Street FED speeches to control the stock market from doing what it should have done months and months ago....tank. The FED is manipulating everything to the point where they should all be doing hard time in Cell Block B. It's outrageous what they're getting away with. Raise FED Funds back to their norm, 3%, and the stock market would get cut in half (where it belongs) in a few days.
I told all the HOG cheerleaders months ago that this HOG was about to be roasted. Guess what? It's on the coals. Too many empty wallets along with baby boomers leaving the Harley world is not good for Harley. Daaaaaaaaaaaaaaaaaaaaaaaaaaaa
Very expensive to drill NG oil shale wells. Their life expectancy is also very short. Production costs can overwhelm a company like XCO into the abyss very quickly. NG prices not helping the bottom line either due to supply/demand fundamentals.
No CEO should tell you something about this company also. In other words Ross is running it. But he can't turn around the NG world overnight. Only economics and mother nature can accomplish that.
We're stuck in this company pure and simple.
He bet wrong about NG prices. Exporting is still years away. I own LNG and have made more than I'll ever lose on XCO but if people here think exporting NG is going to save the NG world they're dead wrong. You have to have more demand vs supply for prices to rise. Exporting alone ain't going to get it folks.
But this doesn't preclude him from watching this company go to hell and then buying it wholly on the cheap does it? No. That's why no CEO. He WANTS it to drop big time. And it is. What a surprise.
Never underestimate what people will do for money and bragging rights tradetend. Look at Bain Capital. Over 1K on going entities were obliterated by this company all the while Mitt proclaims to be religious. Carried interest is the biggest scam in our tax code. Designed by whom? M. Romney.