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Spdr S&P Oil & Gas Exploration & Production Etf V.XOP.W


Primary Symbol: XOP

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of an index derived from the oil and gas exploration and production segment of a U. In seeking to track the performance of the S&P Oil & Gas Exploration & Production Select Industry Index, the fund employs a sampling strategy. It generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index represents the oil and gas exploration and production segment of the S&P Total Market Index (S&P TMI).


ARCA:XOP - Post by User

Comment by AJMCon Apr 17, 2013 8:34am
176 Views
Post# 21264337

RE: Searching for a bottom...

RE: Searching for a bottom...

First, no 'dog and pony show' could have ever vaulted the SP (with any degree of stability) without drilling results.  And although it was no surprise that cash was needed, the management team had gobs of time to come up with a better plan than to screw over those shareholders that tolerated the risks associated with Liberian politics.  Also, there are already signs that this management team is going to merely sit on their hands and get paid while waiting for Exxon to drill in Block-13.  Not a very efficient strategy!

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