Dividend investing is the essence of true investing as opposed to speculation. I plan on riding my oil stocks and physical holdings of precious metals as far as they'll go and then trading them in for good dividend aristocrats at much lower P/E ratios in a decade or so
XOM
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Last: 17 days ago by MsDoubleD81
XOM is the cornerstone of my meager dividend portfolio.
ATH round 2 incoming?
Farmer @ Johnsongrass, TX
Joined:
Sep 25, 2017
Posts:
5,416
How long do you want to ignore this user?
I'm banking on it for this coming week or next.
Those refining numbers for 2Q they just reported are spectacular. Even if things slow down they will be generating cash
My cost basis is $55. Looking forward to continue selling in exchange for SP500 a little at a time when the SPY/XOM ratio gets down below a 3.8 where I left off.
Sold my position today. Cost basis $57. Will be interesting to see where xom goes from here.
To da moon!!!
Keep it going....got in XOM at $38.52, got in CVX at $74.03....
COVID buy worked.
COVID buy worked.
March 2020 got in at 38.59!!!
This is my favorite thread. Especially around March of 2020.
When Darren Woods took over, XOM went on a huge spending spree. Woods argued XOM is investing now because nobody else is which will create a structural shortages leading to higher prices. Darren is looking like a genius now. XOM will report record profits in 2022. XOM has Guyana, Permian, and maybe Brazil for future upstream growth. XOM also has Beaumont refinery expansion coming online early next year, Corpus Christi cracker earlier this year, and Baytown expansion late next year.
XOM is ahead of everybody else by 2-3 years taking full advantage of higher prices.
XOM is ahead of everybody else by 2-3 years taking full advantage of higher prices.
Dan Scott said:
Give the recent price action, between those 2 I pick XOM. They both have different strategies. Exxon believe we're at the low end of the price cycle so they are choosing to invest now when everybody is cutting back. The hope is that when Exxon's projects finish, because everybody has cutback there will be shortages leading to price increases. Then everybody else will invest at high prices. It won't be until about 2022 their cashflow starts to turn. They are raising debt now and will for next couple years. If their thesis doesn't play out, it'll be a different ExxonMobil than we're used to. They need $65+ oil
2022. Called it
My 401k thanks you Dan
I just wish I had put more in at the time.
Haven't touched and keep on DCA for the dividends now.
Haven't touched and keep on DCA for the dividends now.
Taking some profits off today
Oil prices will collapse when the recession gets here.
That would be very surprising for any length of time. There are huge capital investment issues with O&G combined with a tight labor and supply market for bringing on production. And in general (with any recession) demand doesn't drop much at all past a very brief window of time.
Agreed. There will be some demand destruction when the recession starts having a much wider impact on the economy, but the supply side is derailed and it's only getting worse. No more SPR inflating supply, OPEC+ cutting supply, new drilling limited by lack of capital and the natural decline curves of wells, should all lead to lower supply that more than counters the reduction in demand.
This is a common refrain due to what happened in 08/09Bonfire97 said:
Oil prices will collapse when the recession gets here.
I recommend reading this for the counterpoint. Little long but very interesting
http://gorozen.com/research/commentaries/2Q2022_Commentary
Also the recession is already here...just saying.
Sold part of my XOM position today to lock in my profit and convert it to dividend paying ETF.
The balance of my XOM is house money.
The balance of my XOM is house money.
Has 4th quarter dividend been declared? Was expecting it today.
It's typically announced prior to earnings. Usually on Wednesday when board meets...on Wednesdays.
Div increase to .91
XOM smash.
Highest profit in 152 years. And yet, morons have missed the boat by buying ESG bull***** I only wish I had more to invest during COVID.
Highest profit in 152 years. And yet, morons have missed the boat by buying ESG bull***** I only wish I had more to invest during COVID.
I knew when it dropped to $55-ish at the end of 2019/early 2020 (before Covid) that it would come back. I'm like you - wish I had bought more when it dropped to the $30s, but the uncertainty of Covid scared me off. Even still, I've almost doubled my money.
I sold off half when it hit $90 because I never intended to keep it this long. I set my account to sell the other half at $110, but I think I'm going to bump that up.
I sold off half when it hit $90 because I never intended to keep it this long. I set my account to sell the other half at $110, but I think I'm going to bump that up.
Have you considered doing a stop loss instead of a limit sell?
I think that's what I have. I put in an order to sell at $110. I just bumped that up to $115.
I only have 50 shares left, so it's not like it makes a big difference money wise. It's just fun at this point (which proves that clearly I didn't invest enough).
I only have 50 shares left, so it's not like it makes a big difference money wise. It's just fun at this point (which proves that clearly I didn't invest enough).
YESSSSSS!!!
Oh yeah!!!!
In at $38.5 in March 2020. A few weeks ago I put in a stop on quote sell at 90, but have since upped that to 100 and now thinking I should up it to 105...and keep following until I take my profits and go home.
XOM should be up to $150. At a PE of 10, that's $15/share in earnings. Very doable for XOM in this pricing environment that has no signs of letting up. The average PE in the market is about 15. In this market with high rates where tech earnings are slowing down, there should be multiple expansion in a stock like XOM that pays a dividend, buys back stock, strong cash generation, and strong earnings, disciplined spending. That's the perfect recipe for stock appreciation
At 150 the market cap is about 600B still below META, NVDA, TSLA, NFLX at their highs
At 150 the market cap is about 600B still below META, NVDA, TSLA, NFLX at their highs
My cost basis is somewhere around $40ish. Never got out. Remember when we were talking about XOM failing and being a dog. Good times.
Need to decide if I'm going to ride this out or not.
Need to decide if I'm going to ride this out or not.
Haven't seen our local XOM skeptic in a while.
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