XOM is hugely overpriced historically based on pe ratio and the move to electronic cars is going to cause a huge drop in oil and overpriced majors stock prices do you disagree ?
The Market Will Kill Oil Before the Government Does
The U.K. plans to outlaw the sale of gas and diesel cars by 2040, but most cars sold by then may be electric anyway.
Exxon traded around this price when crude was in the 20's.
*Alert* You are going to learn the lessons of your lives in 2 days.. Tic tic tic tic !! New 52 week low for WHiting petroleum AH on earnings ! Whiting Petroleum Corporation (WLL)4.95 -0.27 (-5.17%) After hours: 5:01PM EDT ANd you think XOM is going to do better than it did much better than it did 1 year ago ? Description
Whiting Petroleum Corporation, an independent oil and gas company, engages in the development, production, acquisition, and exploration of crude oil, natural gas liquids, and natural gas primarily in the Rocky Mountains region of the United States. It sells oil and gas to end users, marketers, and other purchasers. As of December 31, 2016, the company had total estimated proved reserves of 615.5 million barrels of oil equivalent; and interests in 1,917 net productive wells on approximately 517,200 net developed acres. Whiting Petroleum Corporation was founded in 1980 and is based in Denver, Colorado. Corporate Governance
whooz yor daddy
OPEC extended its production cap thru March 2018 and we get nada once again
Didn't move up at all this week when oil rallied, but sure moved down with it. I think it pops next week, there can't be much downside left here. Maybe they'll announce a nice buyback with earnings.
I'm new to XOM, does it ever go up?
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This past 2 weeks has been like watching the Exxon Valdez.
Oil recovering and XOM retreating. Very frustrating.
whooz yor daddy
Apparently domestic production doesn't follow OPEC politics anymore. It's a new era