You are comparing apples to oranges. Those are all European oil companies and have other issues. I know that Exxon ranks near dead last when compared to US oilcompanies. If you actually do hold more than 3 shares of Exxon and you are happy with its performance over the last 5 to 7 years relative to any benchmark you want to choose then more power to you and there's nothing more to say.
I'm sure you don't understand this, but Conoco has way outperformed Exxon. You probably are not aware that Conoco spun off Philips Refining (PSX) and when that is taken into account Conoco way out performs Exxon. It's not even close. Difficult for the uninitiated to fathom.
What's the deal here? Down almost 20 points, by far the worst defense stock over the last 2 months, even went down today with the Dow up over 230 and all the other defense stocks up. Do some insiders know something?
You are 100% right. Note the following: this stock has drastically underperformed all the averages and its peers for at least the last 6 years; it goes down about 70-75% of sessions (check it out); the stock almost always opens near its high and consistently closes at or near the low of the sessions (check this out, it's really uncanny) this is because of the selling pressure you refer to, the only prop for the stock was the company buybacks but that's over because the company has to conserve cash to protect the dividend in the face of the awful economics of the oil industry which is not getting better. Terrible past performance; the future looks even worse. Anyone on this board who actually bought Exxon over the last several years is losing though I doubt many of the Exxon pumpers has any money to actually buy any (Maxipad). To be ahead in this stock you would have had to buy it at least 10 years ago. Most of these posts are absurd garbage on this board. I do hope your strong buy is an error because your post makes a lot of sense otherwise.
Exactly right. People make statements without ever actually looking at how this stock has actually performed over the last several years. Agree that this stock could be held by income investors and long term holders as sort of an annuity whose value will gradually continue to fall over time.
Obviously you can't read a stock table. This is the type of quality analysis from the Excon shills. The stock is within 3 points of a multi year low and down nearly 10% in 4 months. Really, even shills need to be a little less ignorant.
Agree!! If all the Exxon boosters were really buying they'd be losing a fortune..
It's pretty clear (certainly to Mr. Market) that this stock will keep slowly going down month after month year after year for all the reasons I've outlined. The stock virtually goes down every single day yet some people (Maxi) have been pumping since it was over 100. If. Exxon performed so poorly when oil was $100 a barrel why should it not do even worse when oil is 50% lower. And oil is just going in one direction-DOWN to near nothing as the supply is near limitless. That is also where Exxon stock is going. If you enjoyed the water torture of holding Exxon the last 6 years you'll love the next six. Most of you don't like this but I have been right about the stock and you never have any facts. Of course, shills don't have any facts. At least be happy about today's performance, the stock was only down a quarter while the Dpw was up 120 and pushing new highs.
You are right. Police will now back off and the people in the ghettos will suffer. But there won't be any outcry from the liberals.
Stock now within 2 and a half points of a MULTI year low. All you folks on this board who say you've bee buying on the dips beware. Just because a stock is going down does not make it a bargain. Many many reasons (besides crashing oil prices which are going much lower) for this to keep falling. See my prior post. Exxon is a classic value trap.
No. Low 80s or 70s much more likely. Just look at the charts and the fundamentals (long term weak oil and NG prices, the company's inability to replace reserves, the XTO and Russia debacles). Exxon has been a terrible stock for the last 7 years with high oil prices why should it do better with oil down $40-$50 a barrel?
You all may not like it, but everything stated above is fact.