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).

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Spdr S&P Oil & Gas Exploration & Production Etf > more volume

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Comment by good40on Feb 09, 2021 5:49pm

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Post# 32519957

RE:RE:Re: more volume

Don't see any viable business plan here. Even with a $20/bbl netback... they'd need to lift
over 2200 bopd, just to pay off the $65 million, excluding interest charges.

In any case, at some point there has to be a consolidation, probably 200 for 1 and the price certainly wouldn't hold at 85 cents. Unbelievable that decision makers could let this get to 11 billion shares.

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