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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
Bullboard Posts
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(7)
•••
Post by AnMaron May 09, 2012 12:03am
271 Views
Post# 19887927

Worth a shot

Worth a shot

With 30% of the block 13 PSC in hand I think this would be a quick double/triple to .60+ making this worth a shot at this level. Chevron has been drilling adjacent to block 13 for the past ~10 days with another 15 - 20 days to go to reach TD, news from Chevron could be out anytime. Will the arrangement with Exxon and NOCAL go thru - I think so, as long the terms of the PSC remain mutualy favourable. For now, I'm in..., if this gets cheaper, I'm in bigger.

 

Hopefully management can get this done and follow it up with a more prudent business strategy going forward.

Bullboard Posts
Dealroom for high-potential pre-IPO opportunities