XOM - Exxon Mobil - Page 5

So oil was roughly $60 a barrel when exxon was $70's in 2005. Then when oil was $40 exxon was $50? That would be ignoring any future growth to get exxon back into the $50's. They don't track each other and you're forgetting exxon has the most effecient production, cash pile, and the crack spreads are way improved (Remember exxon went down when oil went over $120 because it hurt their refining side?)

good luck to you all

And exxon beats pretty good.

earnings

net profit down -33%from same period a year ago...
revenue down -27 %

report 1.55/eps vs weak expectations of 1.45/eps


trading up 1.50 in premarket...

peers

from the may/june lvls....(rough est's)

HES = - 60 %
COP = - 51 %
CVX = - 34 %

even the mighty refiner
VLO = - 45 %

thats an avg of down -48%

giving XOM the benefit of the doubt and pricing in a better than peers decline of just -30%(less than 2/3 the decline of the others) that puts them at about $66.00/shr(my est)

and as we stand today

XOM = - 20 %

i just think XOM has been falsely held up...and will be rejoining their friends...there is always one hold til the bitter end...sp before they can turn back up the fall has to be completed...then the industry as a whole can reverse the trend in which XOM may be the first to go as they are the last to give it up...deservingly so...they are the gorilla here...

sell off

turned down rather abruptly in the last hour today...looking for this to continue mildly next week...

Isn't this one of the refiners that may have a labour dispute commencing POSSIBLY Sunday?

Do you guys think that now would be a good time to buy into XOM or should I wait because the slow stochastics suggest that it is a little overbought, but with the huge drop in the stock market today, I think it would suggest a bounce tomorrow.

What do you guys think?

Wait

Right now the odds for oil price direction look stacked to the downside.

Thanks you guys, I was getting kind of emotional so I did buy just a few shares earlier today, but nothing that wouldn't get averaged down easily.

I shorted this sh#t at 80+ on friday and covered today. This stock remains the most important player in the most important sector...aka hard to figure out where it should be trading.

I'm starting to think that XOM would be a great company to trade options with.

Do you guys think now woud be a good time to buy some calls on Exxon Mobile considering how oversold it is?

here's where they should be logically trading...

You could very well be right over the next several months, but for right now I think it will (at the worst) touch 70 and then bounce to the mid to high 70's from there. Now I'm not saying that it will reverse and trend upward, I just think that it won't go down that far before it has a chance to rally back up some.

Well it hasn't broken 70 yet, but the Dow is waaaaay down. I want to buy some calls but I'm not sure if we've hit that bottom yet.... Anybody got any advice? Should I wait or buy?

What do you guys think Exxon Mobile will bounce back up to in the the next week?

???

even after todays drop my charts still dont show it being oversold...

It looks like things might...knock on wood...continue to get better. Short term wise.