Author Topic: XOM - Exxon  (Read 6363 times)

philippoc93

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Re: XOM - Exxon
« Reply #10 on: April 05, 2016, 10:08:38 PM »
J Mintzmyer on SA has a detailed article from earlier on in February explaining why CVX is his favourite short for 2016. You should see the push back he got off it in the comments. However, I found his article to be detailed and based on sound logic and facts.

Definitely worth reading if considering a short position on the stock

http://seekingalpha.com/article/3841766-chevron-best-short-idea-2016


ratiman

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Re: XOM - Exxon
« Reply #11 on: April 08, 2016, 01:22:40 PM »
After looking into this a little more, it turns out there really isn't much of a connection between the price of oil and Exxon. The market is smart enough to ignore the oil price. Below is Exxon during the late 90s oil market when oil reached $10.

But Exxon today is nothing like Exxon then. Exxon today has a dividend yield about the same as P&G and Coke, not like a high cost commodity company facing new, lower-cost competitors. BP and RDS, maybe because they're foreign, have 7% and 8% yields, which is more rational for a company borrowing to pay the dividend.




doughishere

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Re: XOM - Exxon
« Reply #12 on: May 22, 2016, 10:17:37 AM »
https://charlierose.com/videos/28073

JOHN WATSON
Tuesday 05/17/2016
The chairman and C.E.O. of Chevron discusses oil prices and renewable energy.


thepupil

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Re: XOM - Exxon
« Reply #13 on: March 13, 2018, 02:03:12 PM »
So I'm resurrecting this thread 2 years later.

 XOM declined by about 10% for a total return of -2.5% with divvies
 XOM over the past 2 years has underperformed the S&P by 45% (20% per annum)
 XOM over the past 2 years has underperformed the S&P 500 energy index and the E&P ETF by 28% and 24% (7-10% / annum).

Over this time period, Oil has gone from $37-->$60 and corporate tax reform was passed.

I'm curious if anyone owns or has looked at this.

It was seemed pretty obvious to me from a high level that this was expensive/mispriced 2 years ago.

I think it may be borderline interesting today (for a dumb schmuck like me w/ no other energy exposure).






Og

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Re: XOM - Exxon
« Reply #14 on: March 13, 2018, 02:07:40 PM »
Something interesting about XOM. I don't have a position long or short but thought this was interesting. Was at a wedding a few weeks ago with my gf and got into a conversation with this guy who was an engineer at Phillips 66. He thought XOM was a joke when it came to design standards and he said there's so much beauracratic bullshit over there that they do things very inefficiently.

Spekulatius

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Re: XOM - Exxon
« Reply #15 on: March 13, 2018, 02:36:25 PM »
So I'm resurrecting this thread 2 years later.

 XOM declined by about 10% for a total return of -2.5% with divvies
 XOM over the past 2 years has underperformed the S&P by 45% (20% per annum)
 XOM over the past 2 years has underperformed the S&P 500 energy index and the E&P ETF by 28% and 24% (7-10% / annum).

Over this time period, Oil has gone from $37-->$60 and corporate tax reform was passed.

I'm curious if anyone owns or has looked at this.

It was seemed pretty obvious to me from a high level that this was expensive/mispriced 2 years ago.

I think it may be borderline interesting today (for a dumb schmuck like me w/ no other energy exposure).

There are most likely better bets it there, but XOM has such a long history of being a superior operator and still a bulletproof balance sheet, that I do think they are interesting for a LT buy and forget Energy allocation in a portfolio.
To be a realist, one has to believe in miracles.