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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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Comment by electrowingon Mar 07, 2013 10:28pm
223 Views
Post# 21097621

RE: Finally....XOP is close to major move

RE: Finally....XOP is close to major move

Four billion barrels represents a $360B asset at today's oil price.  Ratification is probably just a formality, especially with NOCAL CEO recommending the deal; announcing the deal thru the Liberian Ministry of Information newsletter is also extremely encouraging.  We don't know what XOP's take would be in the JV with EXXON, but my guess is XOP's market cap today, at $65M, is very modest in view of the developments. It's all good.  

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