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

Spdr S&P Oil & Gas Exploration & Production Etf

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Comment by yakker5on Dec 12, 2011 6:17pm

493 Views

Post# 19314949

RE: Price

Until the deal is approved by the government, it is worth nothing. On the other hand, there is no way that Exxon would allow us to put out that news release with their name on it without knowing that the deal is likely. I also think that having Exxon on board will go a long way with the Liberian government towards getting that approval. Once we do have that approval though, these wells are not going to be cheap. I'm hearing $50-$100 million. Anyone else hear anyhting?

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