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

Comment by checkingfacts66on Aug 25, 2014 12:36pm

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Post# 22875084

RE:RE:ownership down to 17%

The oil is not going anywhere and XOP has had a17% interest for a long time. Exxon has sunk a lotof money into the long term items required to set up to drill. Exxon can get a drill ship from another country close by and still potentially drill in Q4 of 2014. Which makes sense if Exxon had approved the budget to drill Liberia in this year's budget. And it makes even more sense that Exxon would want to test this area generally, and soon, with impending auction of more blocks coming up, if Liberia is going ahead with that still in the middle of this health crisis.

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