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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

Spdr S&P Oil & Gas Exploration & Production Etf
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Post by bullbleepon Feb 17, 2012 11:16am
383 Views
Post# 19549270

blessing in disguise....

blessing in disguise....

Backing out of the North Sea stuff maybe a blessing with BG doing huge cost over-runs on marginal wells. We had the option of issung maybe 150 - 200M shares down here at 30 cents or just getting out of the play. Looks like we took the most reasonable of 2 bad options.

Liberia makes the North Sea stuff look like chicken feed. Lets see if Exxon can get it signed up...then fasten he seat belts.

 

Bullboard Posts
Dealroom for high-potential pre-IPO opportunities