STO has a market cap of $60B. I don't think a trout is going to swallow a bass. CVX just gave up on a shale project in Romania, probably a country with low taxes and low enviro regulations. EOG is the one that should be buying up deeply depressed assets, like SFY trading at 1/10 of book value.
The great 'middle' that you speak of peaked, in 1969. Macys is the next SEARS.
Malls around the USA were built on the premise of that 'middle' expanding forever, it's not. And to makes matters worse for you retail peddlers, Amazon and other means of distribution are eating what's left of your lunch crumbs.
Try finding profitable hydrocarbon energy stocks trading near book value ?!
This is a growth stock and a value stock masked as a debtor oil dog.
Don't worry friends, your towering book value of less than $33 per share will protect your capital ?
Oh wait...that book value is subject to mark to market revisions based on lower and lower oil prices ?
Gee, there could be trouble for the mighty EOG after all ?
EOG today is trading at 3 X book value.
SFY is trading at 1/9 of book value.
Let's see which stock does better over the next 18 months.
I laugh as this plunges closer towards the sanity of it's book value; less than $5 per share.
He has been herding the sheep into this lemming leap for years.