BREwmaster said:
Farmer @ Johnsongrass, TX said:
Farmer @ Johnsongrass, TX said:
XOM fighting an uphill battle, but they'll be victorious. Slow grind up.
As of 11:03am $85.06 / +$2.77 / +3.36%
you are holding through earnings right? and for the div?
I've got one position with a GTC sell order at $101.83. I've been riding for a long long time and time to exit.
The position I entered a week or two ago at $88.28 (still kicking myself), my plan is to hold pass Ex-Div date; however, if fundamentals appear to suggest a share price decline greater than div adjustment, I'd sell before Ex-Div date. This money goes back into T before T's July Ex-Eff date. (I might be able to play PDI for a month of income in June before heading back to T.)
XOM - I'm thinking exit at low 100's and reload in the high 80's/low 90's before another move up.
I do believe XOM is $120 by year end. I'm so bullish all things oil I can't see straight. Should Russia/Ukraine end tomorrow, I have been thinking oil would dip. Today, I believe if Russia/Ukraine ends, the reputation of doing business with Russia will make a lot of countries hesitant. Exxon declared force majeure on some Russian business today. Russia has a skin disease and no one wants to touch them now. I don't think Russian lowball pricing deals in the future bring folks back quickly.
Side Note: I believe XOM is the largest natgas producer in the U.S. and #2 in the world. $7 to $10 natgas, XOM should be hitting overdrive on the money printing press.
If JB Administration bans petroleum exports from U.S. I'll shift some to refined products manf. like MRO. I doubt there would be a ban on refined products.