Article By:
Steve St. Angelo
Monday, August 3, 2020 5:45 PM EDT
The global contagion that negatively impacted the oil industry couldn’t have come at a worse time for ExxonMobil. After the company increased its long term debt by $12 billion over the last year, ExxonMobil may have to borrow even more money.
In this article: XOM
Big Trouble For The Big Three U.S. Oil Companies: Financial Disaster In Its Domestic Oil & Gas Sector
So if oil stays at 10 19 or 25 yes $XOM is in trouble. But no one thinks $WTI will be that low for long. #Oil is trading mid 30s right now and if it trades above 40 in the upcoming weeks. XOM and its dividend will be just fine.
All Time Highs Or A Fed Fueled Fantasy?
You might like this article about $XOM
talkmarkets.com/.../lousy-shale-economics-financial-troubles-continue-at-exxonmobil
All Time Highs Or A Fed Fueled Fantasy?
Yes Saeedm, that's $XOM in a nutshell. #ExxonMobil
XLE Underperforming Crude Oil - Divergence To End Soon?
I remain stead fast believer that U.S energy stocks will make a comeback with #oil prices but many are over leveraged and thats certainly not what investors want right now. I like the idea of using covered calls on $XOM I am trying to learn how to use options more effectively.
People Aren't Buying Highs; They Are Buying Dips
As they should. #Exxon may be a great dip buy given they absorbed their asset write off in 1 quarter. Especially since they are liable to add it back in later which is why the whole baloney about their assets not being written off is so bunkus. In reality, if they followed the suit guidance they should write up their assets as well to market because most of their assets are undervalued when they bought them as they should be. This is why they are the leaders in oil.
If we see decent revenues increase this year the stock will surge. $XOM
Deducing The Crash In Oil: How Would Sherlock Holmes Drill Beneath The Headlines?
Not a good time to be a $XOM or $CVX shareholder.
Who Is Your Pick In The Super Bowl Of Stocks?
You certainly make the case for $XOM, but that Apple magic definitely needs to be factored in.
Apple fans are very passionate about the company and its products and that makes the stock worth a premium. Plus their products have outsold all expectations. I don't see this changing any time soon. It was a bit iffy after Jobs' departure but clearly the company has still got the "right stuff."