Skip to main content
Message Font: Serif | Sans-Serif
 
No. of Recommendations: 3
XOM Will Not Be Cutting Divvy at These Prices

Brent at $55. See you above $60 Brent by summer. Kind of funny considering half the world is still shut down. I suspect there is very little political will to fund more major oil projects, globally. Price usually encourages investment in supply. What if in the 2020's, more supply simply doesn't come online, at any price?

For oil, what you see is what you got. G_d help us if we ever go above consumption of 100 million barrels a day as a global population, because the supply will not be there. Just ask Japan right now, and the JKM LNG contract, what the cost of under forecasting is.

Long ~8000 shares XOM at ~$52 basis, exit at $99
Print the post  

Announcements

What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.