Farmer @ Johnsongrass, TX said:

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CC09LawAg said:

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Farmer - any idea when you think it'll hit that 104 range? I have a hard time seeing it in 2022, but am trying to make a plan for after this earnings call.

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From a O&G stance, XOM should remain strong through the rest of 2022 and 2023 (likely 2024 too). There could be some weakness in the energy sector if Russia/Ukraine stop fighting; however, Russian infrastructure will be worn by that time and I doubt many American companies will want to help out based on the exit terms those companies have been given since the war started. So, where is the weakness? The weakness would be from a macro sense. As strong as XOM, CVX, COP, BP HES and others are, they can't support and sustain the entire market on their own (even Apple cant do that). The market in its collective whole will need to drop to bring weakness. If all the other sectors go down, energy will to - to a degree. That's when I figure a $104 will print. (Note: that $107.50 down to $107 is pretty solid support)

This is not a guarantee, but XOM is as generous as it gets for a stock. The stock runs to earnings, runs after earnings to div, and runs after div payout. It's pretty consistent. Also, I have been noting that Q4 is projecting itself as a blowout even beating Q2 (the ATH Quarter). And, we should have a div increase announced tomorrow. All this support with a backdrop of an O&G issue worldwide. Something will happen somewhere that will weaken XOM. Heck, the analysts to date have ignored XOM due to political reasons, but once they start to focus on XOM, weakness could come from an analyst's "estimate" or "viewpoint" as XOM starts to get under their microscopes of scrutiny.

I still think a buying opportunity is going to present itself in 2022 and I also think the S&P will challenge the ATH's before June 2023. I think it happens in that order too, not reverse.

Other stuff,...

If gasoline goes to $6 or $8 or $10 per gallon, that's going to change some spending habits real quick. Gas should be $6 or $7 nationwide right now. Energy/gasoline should have been allowed to escalate when the Ukraine situation got hot. Energy inflation would have slowed this U.S. economy without The Fed having to raise a rate. Capitalism & Free Markets work. Those Saudi words this week of using artificial means to suppress prices and using up your reserves will likely drive prices higher in the future. <- That's nothing but truth. To me, the U.S. is in the best shape of any other country out there and we are still hurting. The Green Energy Agenda is a scam. I spent 6 years of my career in Renewables (ethanol) and feel I have a good understanding, but what is happening today in this country regarding Green Energy is nothing more than a scam. The Germans are dismantling a wind farm as I type, to expand a surface coal mine. A new "Green Energy" Plant in Nova Scotia runs on coal. What a cluster.

I hope this helps you.

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bmoochie said:

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Farmer was nails again! XOM EPS of $4.45 beats by $.65 and raised dividend by $.03. Thank you for bringing all your insight to the board!

Mooooooooooooooooooooooo

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gougler08 said:

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bmoochie said:

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Farmer was nails again! XOM EPS of $4.45 beats by $.65 and raised dividend by $.03. Thank you for bringing all your insight to the board!

Mooooooooooooooooooooooo

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Shell beat earnings yesterday as well and raised dividend, oil companies continue to kick ass

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Bob Knights Paper Hands said:

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We are going to have an absolute ripper of a day aren't we?

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