The next quarterly 4 dollar day is near , whereas the next leg up takes XOM to high 90s , and any sustained oil spike takes it to new all time highs , with a 3 for 1 Splitz in the cardz.
If 90 resistance gets smashed , it goes to mid 90s for next holding pattern. I surprised by the 90 mark getting hit this week , given all the failed attempts recently. Options traders are worrisome of oil price heading north.
The div drip will be paying between 95 and 100 , if 90 holds Today.
This sub 90 chitz is getting long intooth. We like a tightly coiled spring awaiting break out. GS touting oil now , so the writing is on the wall , and , writing on future call strikez is due for a sharp rize..... '
Time to get XOM well into the 90s and break the short options traders in the 80s . I want to see this back above all time highs and begin trading between 100 and 120 , , leading to a long overdue Splitz !
Lets put a complete end to buybacks as well .
A little late this time . June Heat Seeker displayed the road map , a ways back , so , given traditional driving season rally , there are other elements involved that will dictate the next ride up and how far. Stay tuned , enjoy the divs , and get ready to rock.........
It was down a touch in the pre , following the revenue decline aspect , which is when I wrote the message. Everything looks favorable for a nice run ; a run like HES & COP had recently would put shares near 150 , at which point a 3 for 1 splitz would be warranted . I hope to hear that buybacks are eliminated completely.
Given the short interes , and weekly call volume , it is likely that is the case , despite the anticipated lower # s., giving all the shrewd ones a shoe up their pantz.