aggiehunter3 said:

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Ogre09 said:

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Up 17% since I said buy on 11/12...

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I bought a boat load of 1/21/22 $50c on 10/2 when the stock closed at $32.98 - $1.3 cost basis. They're currently trading at $3.5 and I haven't sold one yet. I'm not trying to be greedy, but I really think this could be a grand slam type trade. I'll be sure to report back on how I screw up this trade.

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First update - The CPA in me couldn't handle the greed of being up 200% and not taking some risk off. I sold 30% of my position in order to lock in even money and take all the risk off.

Self-Made said:

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Aside from the XOM stock discussion; what are your opinions of what went wrong with XOM? It went from best in industry for generations to below average the past 15 years. From my perspective, it seems they stopped being Exxon and attempted to change their management, hiring, and employee development practices to be like everyone else. Thoughts?

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The people I know who work there say began somewhat with mobil merger, but moreso after xto purchase. Then change in leadership from Rex to "Dick" Woods was the nail.

https://www.cnn.com/2020/12/15/investing/exxon-oil-stock-activist-investors/index.html

getting back up.. hitting $45 today

Self-Made said:

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Aside from the XOM stock discussion; what are your opinions of what went wrong with XOM? It went from best in industry for generations to below average the past 15 years. From my perspective, it seems they stopped being Exxon and attempted to change their management, hiring, and employee development practices to be like everyone else. Thoughts?

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Half-joking: they built the campus.

I recall there's anecdotal evidence that firms tank shortly after making major investments in new bespoke office space.

TriAg2010 said:

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Self-Made said:

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Aside from the XOM stock discussion; what are your opinions of what went wrong with XOM? It went from best in industry for generations to below average the past 15 years. From my perspective, it seems they stopped being Exxon and attempted to change their management, hiring, and employee development practices to be like everyone else. Thoughts?

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Half-joking: they built the campus.

I recall there's anecdotal evidence that firms tank shortly after making major investments in new bespoke office space.

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I used to do engineering for buildings that included several major office building/complex developments. If I'd bought stock in those companies when the architects were first hired and sold before construction was completed, I'd be retired by now.

Happened.

Every.

Single.

Time.

Nice little run XOM has been on. My wt price point for entry is <$35, all picked up this year

I still think we see $85 again in the next 3 years, so I'm not taking any profits at this point.

Edited for typo

Loaded up 1,000 shares yesterday at $45.75 / share, long position. May double down in the next two weeks.

I am not quite as big as most of yall are. but I enjoy reading your posts and yall have given me alot of good companies to look at. I started actively investing separate from my roth and other retirement accts in October.

got into ExxonMobil back in October as one of my first picks because I felt that they were a good long term hold at a discounted price.

got in again today.

like I said, not a big spender like some of the traders on here but I appreciate all the posts.

average cost for me for XOM has been 42. I am targeting to continue to get in as long as it is sub 50.

once again thanks! this has become one of my favorite forums to read although I probably won't be contributing much as I have alot to learn.

50 day crossed 200 day
Buy buy buy

I don't know that typical TA/charting will help much with energy stocks, unless you somehow figure a way too look at oil price trends within the same view. I charted XOM and other majors against crude prices over a multi-year period, and the correlation was upwards of 0.75.

Not rocket science, I realize, just a overly strong reliance on a commodity that may not follow "typical" technical analysis trends.

aggiehunter3 said:

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aggiehunter3 said:

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Ogre09 said:

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Up 17% since I said buy on 11/12...

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I bought a boat load of 1/21/22 $50c on 10/2 when the stock closed at $32.98 - $1.3 cost basis. They're currently trading at $3.5 and I haven't sold one yet. I'm not trying to be greedy, but I really think this could be a grand slam type trade. I'll be sure to report back on how I screw up this trade.

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First update - The CPA in me couldn't handle the greed of being up 200% and not taking some risk off. I sold 30% of my position in order to lock in even money and take all the risk off.

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These calls closed at $5.4 and I'm still holding the remaining 70% of my position from $1.3. In the famous words of Jordan Belfort "I'm not effin' leaving!"

Looking good, Billy Ray!

my only regret is not having bought more!!! Loaded another 250 shares this morning.

Fairfield_Ag said:

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my only regret is not having bought more!!! Loaded another 250 shares this morning.

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That is the universal regret for all upward moving stocks

Sold off a little over 10% this afternoon to take some profits.

HOLD!!!

Up 45% since I said buy on 11/12

JustPanda said:

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Just wait till they cut the divy - it's going to be a bloodbath. Energy in general is a dead cat bouncing into the gutter. No one destroys value better or faster than O&G companies.

They create a product that's out of favor and against the times while trying to convince people they won't miss the next big thing when they've missed it everytime or really don't care about it because they're empire builders in it for their ego and for no one else.

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oproot said:

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I'm not thinking of buying unless it drops to 29/30 range again

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Looks like XOM is gonna take a little dip today due to some BS whistleblower investigation. May be a chance to add additional shares at a value. LOL

It's bounced, but it's still a DOG. Everything's has bounced. The whole market is up and what I'm holding has still performed better. Regression to the mean doesn't imply any reason to buy. There are plenty of other names with much better financials and in much better positions to capitalize over the next couple of years.

I'm not touching XOM. I think it's funny you can't get me outta your mind though - ROFL.

Fairfield_Ag said:

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Looks like XOM is gonna take a little dip today due to some BS whistleblower investigation. May be a chance to add additional shares at a value. LOL

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That's been known for a while though. Realize the SEC is involved now but there's no way XOM didn't cover their bases already.

LOL

Fairfield_Ag said:

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Looks like XOM is gonna take a little dip today due to some BS whistleblower investigation. May be a chance to add additional shares at a value. LOL

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Just about every public E&P company does this to an extent so it's probably not BS, will be curious if the SEC tries to make an example out of XOM to keep everyone else in line.

Agreed. If anything, they probably pay and fine and we all move on.

Yah, probably just a fine, seriously doubt this could hit the level of restatements given how big XOM is. It's interesting, I'm reading (ok, listening to) Private Empire right now and it discusses how Lee Raymond was pulling this same stunt back in the 90s to keep the reserve replacements up.

$52 today! Taking some profits.

So is democrats green regulation good for XOM?

Gap up from the prior low after Election Day.
From $34 to $36 gap up on 11/9/20...
Now trading at $50.

Sold out at $54 today!

$$$

I'll buy back on a dip.

been a wild ride but I had faith in mighty Exxon!

I have a few options until 1/2022. Finally making money on them.

bmks270 said:

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So is democrats green regulation good for XOM?

Gap up from the prior low after Election Day.
From $34 to $36 gap up on 11/9/20...
Now trading at $50.

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Oil above $60 is good for oil companies.

XOM, ET and CVX are the only reason I'm green today. Holy crap, Big Tech getting beat up.