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.
The way the stock has done it sure seems that way. People have been predicting this dog would hit 100 for years it got there for a short time then crumped. It won't get near there again for all the reasons I have noted before. Look at a long term, intermediate term, or short term chart and you can see how hopeless this thing is.
For those of you who love the divvy from SO notice that the stock is down 10 points. That's 5 years of dividends in a few months down the drain folks. All items are down some but not like SO.
Agree as far as the Board of Directors is concerned but I don't know why the mutual funds and pension funds who must own a lot of this stock don't demand Fanning's ouster. The stoch hit a 7 month low today and is right near a multi year low. What good is a yield if 5% when it is due solely to terrible stock performance and is more than eaten up by the falling stock price. Don't understand how the funds put up with this. The buck for these problems stop with the CEO.
You're probably new to Exxon. Those price targets are worthless. You probably don't know but this stock has been the WORST Dow stock since 2008 and will do nothing but continue to disappoint investors. Stock was a terrible performer when oil was rising and does even worse with falling oil prices. Check out its record and the record of mismanagement (XTO , deals with Russia etc). You're probably new to this board and don't know these things unlike the blind, idiotic long term XOM apologists who have been wrong for 6 years on this dog. However they may be buying on the dips and may be up to 3 shares by now. (Maxipad the moron?)
SO continues to be the weakest of all utilities. All have sold off somewhat due to interest rate concerns but none nearly as much as SO. It is the only one within a couple points of a MULTIYEAR low. It has the highest yield of the utilities solely because of its terrible relative performance. The stock obviously has been badly hurt by the never ending cost over runs at Vogtle and Kemper. This is the responsibility of the CEO and it is a mystery how in the world he keeps his job. I don't understand how the mutual funds and pension funds who must own a lot of the stock put up with this dismal management. I'm sure there must be an experienced utility CEO somewhere who could do better (hard to see how any experienced utility CEO could do worse.)
Exxon has been a great stock the last half dozen years. It has only gone down when oil goes down or goes up. For those new to this board, look at how this stock has performed relative to the Dow or other oil stocks since the present management took over. This stock has been consistently awful and it's certainly hasn't been helped by the idiotic XTO acquisition at an absurd premium or the boneheaded deals with Russia that are now worthless. I will stipulate that you made a lot of money if you bought Exxon 30 years ago (as with most stocks as the market is up well over 10 fold since then) , but those days are long gone and the once astute management of this company is history. Over the last 6 years with the Dow up 7000-8000 points investors are barely even with dividends. At the very least this dog has been an incredible opportunity cost. But I do enjoy reading the posts of Exxon apologists who are 100% wrong all the time but at least they're never in doubt.
Maxi, you were the one predicting Exxon would be over 100 for years. I'm the one that has been right about this dog for the last six years. I know it is hard for you to understand a chart, but I can tell you that over the last one, two, or any number of years since 2008 excrement, sorry. I mean Exxon, has been the WORST Dow stock. As long as you disagree with me I'n more confident that I'm still right and you're still wrong just like the last six years. You just keep being willfully blind.
This lousy dog goes down when oil goes down, down when oil goes up, down when the market goes down,and down when the market goes up. This stinking piece of garbage is lower than it was in 2008 when the Dow was 8000 points lower. Idiotic management bought XTO for top dollar and gambled its whole future on Putin's Russia. Lousy stock with worse management.
Another new high for the S&P with the Dow not far behind but ETN just keeps going down. The market is trying to say that it's past time for Sandy Cutler to go. Way past time! The stock has been a dreadful under performer since the overpriced Cooper acquisition. Let him retire and build an empire on his own dime and stop destroying shareholder value with lousy execution and overpriced poorly thought out acquisitions.
Stock is about 2 points above a multi year low . Utilities have been weak recently but SO has been the weakest utility. This has to be due to all the problems with Vogtle and to a lesser degree Kemper. These problems have been going on for years. If a utility CEO who should be an expert in this area can't correct these problems then why in the world does he still have a job? It amazes me how the large holders such as mutual funds put up with such incompetence on the part of the CEO.
Agree. Although all the utilities have been affected by concerns about interest rates. SO has underperformed similar electric utilities for quite some time almost certainly because of the severe problems at Vogtle and to a lesser extent Kemper. It has the highest yield of all the utilities because of its weak stock performance relative to other utilities. Not a particularly good reflection on top management.
For all you Rip Van Winkles on this board (Exxon bulls) the oil industry has sort of changed in the last few decades and I'm not just talking price of oil. Read a little bit and you may stop touting a stock hitting multi year lows with no place to go except lower
Please see the article in Motley Fool from March 28 concerning Exxon and Apple. It makes some of the same points about XOM that I have made but in a concise way. By the way, I still see the Exxon bulls are still relying on incorrect assertions that are totally fact free. I guess that's how they can be wrong day after day month after month and year after year since 2009. but dream on, guys.