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The 40-year chart looks like a good entry point for XOM,

No, it doesn't! Forget the numbers for a moment and look at the price line. That's what I call a tired company that no longer grows at previous rates. It's not enough to read the chart, one also has to figure out why the chart is saying what it is saying (I'm tired). As I recall, the consumption of oil has been declining. All the effort put into stopping climate change blamed on CO2 is having an effect not so much in renewables but also in more energy efficient buildings, jet engines, airplanes, ICEs. Deep sea oil is very expensive and fracking seems to be less profitable than expected.

When looking at BMWM charts I'm looing for spikes down that seem unwarranted like the Tylenol murders -- market over reactions. To give an example, I invested in RyanAir in June 2004 (good) and in May 2009 (so-so). RYAAY might be of interest again soon.

Denny Schlesinger
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