For those on this board who are employed:
if any one of us did something as stupid and
costly as the XTO acquisition we would have
been quickly fired; Rex Tilleeson got a raise.
Any wonder why this has been the absolutely
worst performing oil stock since this guy became
CEO? Any wonder why this has been one
of the very worst Dow and S&P stocks over
the last year, two years,or five years.
This was a great stock until the Tillerson
wrecking crew took over.
True that utilities have been weak overall, but if you compare
simliar large utilities such as ED, D, DUK, AEP or others
with SO, SO has performed the worst. ED has been nearly
as weak but the others (and almost all other utilities) haven't
been NEARLY as weak as SO. The only worse performers
are those utilities that have had massive problems and have
or will cut the dividend such as FE and EXC. Hopefully SO
is not heading in that direction but there is obviously a lot
of concern about the cost overruns and other operational
problems SO has been encountering. Another huge concern:
recovery of these costs may not be allowed and in any case
this won't be known for years.
If investors weren't extremely concerned about
Vogtle, SO would not be within a few cents of
a MULTI year low with a 16000+ Dow. Most
utilities have been relatively weak, but none
have been near multi year lows except for
utilities with big problems that have or likely
will cut their dividend (eg: FE and EXC).
I hope SO is not heading in that direction,
but the terrible stock performance, the high
relative yield, and the persistent if not
worsening operational problems at Vogtle
and to a lesser extent at Kemper are very
concerning. Remember Exelon was a great
stock and considered a very well run utility
(like SO has been) until it wasn't.
I didn't buy SO at 48 I just note the stock is down
8 points in a year which is a huge hit even relative
to the overall weak utility sector. Also, while Kemper
is a big problem, the much bigger problem is
the Vogtle nuclear plant which is having truly
massive cost overruns and long delays. Worst
of all it won't be known until years from now
whether they will be able to recover these costs
from rate payers. This Vogtle plant is what
could be a catastrophe for SO and why the
stock is so near a 5 year low. Sure hope this
is not another Exelon. That used to be a great
stock too but no more. Hope that's not the future
Exxon WAS a great stock up to around 2008 once the policies of the
present management were in effect. Since that time the stock
has been abysmal. That's not my opinion that's fact. Look at a
chart comparing Exxon to any other oil stock or any major
average over the last 5 years (or any time period in the last
5 years) and see just how badly this stock has underperformed.
Five years is NOT short term. Remember the stock was strong
under prior solid management. The stock became a drastic
underperformer a year or two after Lee Raymond left and
Rex Tillerson took over . For example, Lee Raymond bought
Mobil for a great price. Tillerson grossly overpaid for XTO
which is bleeding money to this day. Don't believe me, read
contemporaneous accounts of the deal and again look at
the charts. I probably do have more shares than you which
is why I am not happy with the performance of this stock
over the last 5 years under present management .
One of the busiest posters on this board predicted
year after year that XOM would hit 100. Now
the Dow is about 8000 to 10000 points higher
and Exxon never made it. With its present
management, it never will.
Buffett bounce now gone. Stock still one of the
very worst Dow stocks over the last one, three,
and five years. Stock lower than it was in May 2008.
Management is absolutely abysmal: the XTO
debacle, production shortfalls, earnings misses
This is the worst performing oil stock over the
last 5 years also. Pathetic stock with grossly
This stock is within about a quarter of a point of
not a 52 week low, but a MULTI YEAR LOW. All
the utilities have been weak for reasons outlined
in other posts, but SO is really getting murdered.
Stock hurt badly by massive cost overruns at
the Vogtle nuclear plant and to a lesser extent
by problems at the Kemper plant. Not a good
situation when you get $2 in dividends in a
year only to see this "safe" stock go down
$8. This stock has been absolutely brutal
especially for conservative investors.
To put it simply, Al Gore is just a jerk. Thank God the good people of
Tennessee (his home state) saw through this hollow, petty and
cheap opportunist and saved us from a Gore presidency.
Given his behavior since 9/11 ( the vitriol he expressed toward
the man who beat him in 2000 at a time we were all pulling
together in the face of the 9/11 attacks, the sale of his worthless
tv channel to the viciously anti American Al-Jazeera to make a
humongous profit, and his exploitation of climate change hokum
to profiteer while hard working Americans face higher energy
bills as a result) I don't think our nation would have survived
a Gore administration. His appeasement of the Islamic extremists
would have been a disaster for the US and the world.
For over 80 years Southern Company has provided power to
the South at reasonable rates. This has led to growth and overall
prosperity in the region. The air and water have never been
cleaner (those of you who are old enough to remember smog alerts
and having to boil water know this). Yet the radicals in the EPA
and this administration continue to bombard SO and other utilities
with absurd, expensive, needless regulations that hurt consumers,
shareholders (many of whom are retirees who depend on dividends
to live on), and businesses. For example, SO has been badly hurt
by big overruns at its Mississippi clean coal plant. The only reason
they are building the plant is that the EPA forced it on them.
Middle class and poor families suffer from the insanity out of
this EPA. The only beneficiaries are wealthy radicals who
don't care about the environment but want to tear down the
whole capitalist system and replace it with a socialist/communist
utopia. The other beneficiaries are the "carbon entrepreneurs"
Including the man likely to become our first carbon billionaire,
Al Gore. By the way, where did Mr. Gore receive his training
in climatology, earth science, or any other scientific discipline.
Looks like Al Gore will be the world's first carbon billionaire.
I don't begrudge him as he has been very clever peddling
his garbage. What's unfortunate is the billions and billions
of dollars coming out of the pockets of poor and middle
class people in the form of higher utility bills, higher gasoline
prices, good jobs lost (eg Keystone) etc. His behavior since
he has been Vice President (his hypocrisy in his personal
energy use, his absolutely shameful behavior in the wake of
9/11, his profiteering by selling out to the jihadist Al Jazeera
who lies constantly about the US and called for US defeat
in Iraq) has been absolutely appalling. This man has no
"Cheap" because of serious cost over runs in Mississippi
and even worse problems at the Vogtle plant. These do not
seem to be short term problems at all. Southern Company
is being hurt by the radical extremism of the EPA under the
Rex Tillerson: the absolute worst CEO of a
major company in the history of American
business. His only accomplishment is how
viciously he and his team screw over the
Since 12/31/12 Dow up over 20%; Exxon up
under 3% including dividends.
Since 12/31/08 Dow up over 80%; Exxon up
20% including dividend.
Its performance relative to all other oil
companies and the S&P is as bad or worse.
Anyone who says they are pleased with
this is either fibbing or very foolish.
Look at a 6 month, 1,2,3,4 or 5 year chart of this stock vs
any major average or any other oil company. If you like
what you see then you can't read.
This miserable dog continues to be the worst or second worst
stock in the Dow. Since 2009 the Dow is up over 8000 points
and this thing isn't even up. It's down nearly 10 points since its
last rotten earnings report and another terrible report is coming
next week. Since the incompetent (and I suspect corrupt since
no body can be that stupid) Rex Tillerson became CEO the
stock has drastically underperformed all the averages and all
of the other oil companies. The reasons are obvious: production
is falling every single year with no end in sight (these deals with
Russia will never pay off except for the bribes that Tillerson
must get, he can't possibly sign off on these terrible deals in
good faith), the XTO debacle (again this deal was so obviously
horrible at the time there is no way Tillerson acted in good faith),
the earnings disasters etc. Look at a one, two or five year chart
of this stock vs any average or any other oil company, you'll be
surprised just how awful this stock is. In summary this company's
management literally robs its shareholders blind while the board
of directors gets their massive pay packages and looks the other
way. A more charitable explanation is that Tillerson us simply
a total idiot but I doubt that and no one can be that stupid.
I apologize for the very harsh comments, but this company
under this management treats it shareholders VERY harshly.
Agree. Al Gore used to be a mainstream though liberal
politician. Since the 2000 election he has gone off the
deep end. He referred to the Keystone pipeline which
would bring good jobs to America as an "atrocity."
Wrong, the atrocities are the Taliban murdering
girls who have the audacity to go to school, Islamists
who want to force everyone in Egypt and everywhere
else to live in the seventh century like they do,
the terrorists of 9/11, Benghazi etc and their
sympathizers, and Islamic monsters who commit
"honor" killings. But somehow the man who
made hundreds of millions of dollars selling his
failed tv network to an Islamist anti American
propaganda outfit never condemns these true
atrocities. As a matter of fact after 9/11 this
sore loser condemned his own country! Even
though he is totally ignored and irrelevant,
he still makes me sick.
There is a reason why this stock is such a lousy
performer in a record bull market despite interest
rates that are falling again. The company has a massive
investment in the Vogtle nuclear plant which is
experiencing massive cost over runs and long
delays with no end in sight. Shouldn't the top
executives of this company be experts in power
plant construction? These things should not happen
and when they do, top executives should be
fired. Unfortunately for shareholders all that
happens is the executives get raises while the
stock sinks. If we screwed up our jobs like
these CEOs, we'd be fired awfully fast.
Does anyone realize how awful this stock is? The S&P hits new highs
every day and this stock is nearly 10 points below where it was in
June and is well below its price in May of 2008 when the Dow was
5000 points lower. This stock is the worst performing oil stock
over the last 5 years and is one of the worst if not the worst stocks
in the Dow and S&P. This stock underperforms on a daily basis.
Reasons: earnings misses every quarter, production falling
every quarter, rotten deals with Russia in which the company
is being robbed blind, completely missing the US shale boom,
the XTO debacle, and the worst CEO in the history of the
American oil industry. This is a viciously anti shareholder
company. The most charitable explanation is that Rex Tillerson
is the stupidest CEO in America if not the world. Harsh
comments but not as harsh as the treatment Exxon shareholders
have received during his tenure as CEO.
Dream on. Exxon bulls have saying it will hit $100 since 2008
when XOM was 96 and the Dow was 5000 points lower.
I've never seen any of these predictions accompanied by
a single fact to support them. I guess that's why they've all
been so wrong as will yours.