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 11, 2013 5:16am

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Post# 21809385

RE:RE:RE:RE:Am I really the last guy...

Good40, I would not expect XOM to make any offer before the first well - that would of course be pie-in-the-sky dreaming. I'm referring to a likelihood of them taking out XOP before the development plan stage in the event of a discovery eventually appraised to be commercial. At that point they would be much more interested in XOP's 17% and in getting XOP out of their way. XOM is the 800 lb gorilla in this industry and when they get rolling on an offshore development they'll write the cheques necessary to make sure it gets done the way they want to do it.

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