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 Storckon Oct 08, 2013 4:06am

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Post# 21798463

RE:What counts

That's the only way to look at these, Gimli. Exxon's entry certainly validates the prospect, but we have to remember that it remains only that - a prospect, and an expensive, high-risk one to boot. Notwithstanding their expertise, Exxon drills dry holes too. Earlier this year they farmed into Providence's Dunquin well offshore Ireland, P50 prospective recoverable resources 1.7B, drilled a dry hole and walked from the licence in July. They also recently went on the farmout trail with a deepwater Brazil block to try to get a 3rd well funded after drilling two dry holes of their own. It happens, no matter how big and experienced you are.

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