Recent upgrades, next quarter and 2018 projections look good. Is this the time to get into XOM?
Longer term, what is XOM doing to diversify from oil?
will we see the 60`s? i for one dont think so;.looking more and more like a safe entry point
Way oversold best of breed . Watch the shorts get greedy and blow it
XOM🐐 yielding 4%+ .. Issa buy
I can't believe this is happening to XOM! Absolutely no reason. The market is truly fixed
Since I've been DRIPing Exxon for over 12 years [originally bought in at the mid 60s] I will continue as for me this is a buying opportunity. Long on ExxonMobil!
The strategy is simple. Low oil price will increase oil demand.
83 to 76
Weald of Swabia
Bankrupting the Oil Industry and OPEC
Germany has evolved from decentralised to centralised government over the past 400 years, allowing politics to dictate the path of technological, industrial and social development: Militarism and taxation enabled investments in chemistry, physics, engineering and mechanisation; educating students with low and high ability in separate schools has maximised outcomes; state-funded institutes and universities enabled systematic development of quantum mechanics and technological centres; government-owned railways and research consortia promote coordination; Green land policies and high land prices have ensured that 99% of living space is occupied by Europids, providing an equally effective limit on birth rates of culturally dubious groups; the Energiewende will make oil obsolete and improve community hygiene. Since 1960, state subsidies have achieved supremacy in plasma reactors, diamond tools, ion beams, nano stepper motors, producing optical fibres, crystal machining and lasers: German organisations now supply more than half of all lasers. High-to-low thermal flux plasma systems reduce the tonnage of chemicals needed to process leather, textiles and metallic, plastic, silicate and wooden components, and energy and labour demand therefrom, by more than 99%. Supremacy in chemical manufacturing technologies and electron-, ion-, plasma- and laser-based production aids deployment of solar cells, fuel cells, wind turbines, batteries, supercapacitors, energy-efficient lighting systems and power electronics. As direct current displaces alternating current in high-rent buildings and then systemwide, energy demand will decline. Production technologies for micro- and nanostructured ceramics and organic frameworks, such as nano grinding mills, plasma systems and kilns, decrease battery recharging times by an order of magnitude, triple ranges of electric cars and enable increases in naval combat power and fuel efficiency. Technological supremacy has enabled $4,7 trillion in trade surpluses and the accumulation of vast foreign assets.
Operation Paperclip enabled American leadership before 1990 but since then Germany has decisively surpassed the US. The high-temperature electronics and sensors the US military subsidised in the 1980s, which were commercialised in the 1990s, reduced oil production costs and collapsed prices; the next generation of devices, which have been developed exclusively by Germany, will bankrupt most oil producers. Nanoengineered ultra-high-temperature sensors will improve energy efficiency and performance of jet engines, metallurgical works and power plants. Optimised combustion systems and nanoengineered bearings, coatings and superalloys will reduce the tonnage of coal burned per power output and demand for oil and gas. Concurrent with the escalating wars in the Middle East, state subsidies enabled deployment of dry-adhesive robotic gripping systems that rival nature's highest standards. Plasma reactors for manufacturing nanofunctionally stratified magnetoresistive integrated circuits will improve the functionality of robots. Carbon-nanotube production technology enables deployment of robotic skin with sensors for detecting human auras. Green radar subsidies have funded three-dimensional (3-D) satellite mapping and robotic inspection systems. German dominance in nanostructured polymer- and glass-based optics, nonlinear crystals, infrared and diamond optics, massively-parallel laser imaging systems, light detection and ranging and hyperspectral, terahertz, X-ray, night vision and 3-D cameras is decisive. Production technology for fabricating gradational-refractive-index metamaterials enables manufacturing of tactical invisibility cloaks and long-pulse-duration optics for "Turbolasers", facilitating automation. Laser, camera, radar, electric sensor, magnetic sensor and dry-adhesive gripping systems facilitate deployment of industrial and military robots, enable automated ultra-precise inspection of components and reduce recycling costs, demand for raw materials and oil demand. Nanotechnologically optimised, durable and low-maintenance food processing surfaces facilitate replacement of energy- and labour-intensive systems with robots. Microchannel reactors increase production rates in drug manufacturing, facilitate replacement of workers with robots and reduce usage of chemicals and energy. Robotic, laser and plasma systems, multi- and high-frequency furnaces and nanotechnologically optimised bioreactors reduce the energy, labour and material costs of manufacturing carbon and glass yarns and biosynthetic silk, of fabricating and machining dies, moulds, machine elements and large polymer composite components, of painting components and of producing apparel, textiles, automobiles, aircraft, rolling stock and ships. Nanoengineered tyres will displace labour-intensive natural rubber and energy-intensive synthetics; high rates of production enable intensive use of robots. Reductions in densities of materials and sizes of machines improve energy efficiency, precision and economies of speed. High-performance radio-frequency identification systems enable greater mechanisation of factories and displace jobs at hotels, office buildings and warehouses. Robotic systems will reduce demand for manual labour in Europe, the US and Japan, imports from the Third World, employment and birth rates of immigrants from and residents of the Third World and usage of oil, gas and petrochemicals.
it seems to be rotating from a slow bleeding into a slow free fall
Upon closer examination...$ 74.69 is the number to watch
So, I just read the financials for XOM, to try to see if it is a bargain. Not a buy yet, given falling revenues, income and net assets. Also we are about to enter a period of crude buildup every year, which may put pressure on crude prices.
Oil and gas seems like a big gamble, being impacted by the dollar, global economies, geopolitics, a rising tide of renewables, OPEC, overproduction, etc etc. There are so many factors outside of XOM's control that any investment in their stock seems kind of random. It may pay off, it may not, and it is much harder to predict than with other types of business.
If you are long, good luck. Ditto if you are short.
By my count, XOM has set a new 52 week low for 11 trading days in a row now.
Does anyone know what is the record for consecutive days of a new 52 week low on the NYSE?