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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 oilsupporteron Jun 03, 2021 4:35pm
134 Views
Post# 33321127

RE:Oilsupporter

RE:OilsupporterSo the share structure of CUDA doesn't matter to us.  They have half the interest we do, and more debt than we do.  So why do people let Good40 shake them?  Look, I am not happy with the shares we have outstanding.  I am not happy we are going to consolidate.  But we have a producing asset.  And CUDA's financials for March 31, 2021 said clearly - we cannot tell shareholders we can make any more deals with our creditors.  So we don't have to worry about CUDA.  We started drilling April 14.  We all have to hope that Art made a deal with CUDA's creditors, to our benefit.  I have asked this a few times on a few different boards about this question, but I don't know this industry and what our rights are as the operating partner when our minority partner is not pulling their weight.  I am hoping there are standard clauses that apply and someone in this industry can tell us - under the normal contract, when CUDA defaults, we can make a deal with CUDA's creditors and this is the result: ...  what is this result ?  I sure hope it involves sale or surrender of all or part of CUDA's working interest.  But I have no clue.
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