M4 Benelli said:
Farmer @ Johnsongrass, TX said:
Red Pear BCS Luke said:
Farmer @ Johnsongrass, TX said:
Well,...here you go..
Quote:
Exxon ESG activist board member Jeffrey Ubbens states the he believes XOM can become an ESG leader and a very profitable one. He says: "I really believe that the return dynamics for Exxon from here are spectacular. They are part of the solution, not part of the problem"
On Aug 4th Ubben bought 1 million shares at $88.44. As of 12:29pmCST, XOM is $93.88. Today is Aug 11th and Ubben is up $5.44 million. Merica, yeah, I love it!
Any LEAPS worth looking at? Wife has some extra funds in her ROTH and may just buy the actual underlying for the dividend and holding.
Great question, good timing.
I'm not seeing the juice for Leaps that I thought I was going to see.
This O&G industry is now set for positive momentum going forward and here is what I am doing.
*XOM will see $100 before if sees $90
*JAS Q3 earnings announcement would be the end of October
*I am selling $105 October 21 Calls (that's 10 weeks out) - this works for me. I would like to have my position established before the end of next week.
*I think in September or October there will be a temporary setback in O&G alone, or the market buying opportunity I have mentioned before, and the $105 Strike should be high enough not to get called out. If I lose the shares, no worries. Otherwise, I would plan to hold these shares options to expiration.
*After expiration I'll sit on the sideline and wait.
*Expiration on October 21st, comes before earning announcement at the end of October. 3Q earnings performance should be as good as 2Q. There should be a dividend increase announcement. These 2 items should recharge XOM share price.
*I'll look to sell Calls again after earnings & div announcement. Just repeating this process per quarter.
*WTI and XOM are closely related in price relationship currently and I don't see that changing. WTI is going to $100+. XOM will be slightly ahead or behind.
*XOM hitting $110 this year is in the cards. If the world of crude gets wacky high, so will XOM.
If I left anything out or if I wrote something needing clarity, let me know.
ETA: You can essentially achieve the same thing as above by selling Oct 21st $85 Puts.
Whats your take on MRO? P/E of 5, hit debt targets in past 3 quarters, 75% FCF returns over same period, shares outstanding axed like John Wayne Bobbitt's bits over same span. 11%
Unlike the fat cats, currently sitting well beneath June's highs.
More importantly, its Texas Tea.
From the cheap seats...
I don't follow this one closely, but here is what I see.
P/E appears -
2022 Estimates 4.95
2023 Estimates 5.35
Those P/E's are low and would be considered very safe in this environment and yet I'd rate it as a Growth stock versus Value. From your notes above, I'd say Div is safe and they'll likely continue buybacks to avoid 1% 2023 tax. (I expect XOM to step up their buybacks this year and reduce debt next year, because of tax.) I like this stock as I am bullish this industry segment through 2022. At some point the music will slow in this recession and share price will take a rest. (I think a buying opp sinks the entire market, we rally back, then energy starts getting demand reduction in 2023 and pressures share price)
But MRO, or analyst,(somebody is) is forecasting a negative P/E Growth Rate for 2023 of like -7.5%.....that notation corresponds to what I believe will take place in 2023 in O&G, but should only be temporary, not long term.
If Russia/Ukraine keep fighting in 2023 and Russia turns the valve off to Europe, SHTF and O&G stays very bullish. I'm betting Russia/Ukraine will be fighting through 2023. Russia can always use the "valve" as a behind the scenes bargaining chip with Europe.
18 analysts MRO avg....Lo $24....Mid $33....Hi $43....over next 12 months
Based on above and what is taking place in the energy economy, it seems like a stock ready for a pop back to 52WH's. Hell,....if they fall on their arse the last 2 quarters (using Fiscal 2021) MRO share price would/should reflect $22 for 2022 based on P/E alone. No, I don't believe falling on the arse will happen, unless this country shuts itself down in OND because we catch the flu.
My 2 cents,....really $0.0183 cents after inflation.
