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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

Post by gimlimikeon Nov 18, 2014 6:02am
262 Views
Post# 23138839

Derecognizing reality

Derecognizing realityWhile Liberia is out of the hands of xop this company is burning cash at a record rate when the bank account is dwindling they are hiring ir firms and hiring vp for business development when they can't afford to do any developing. The first move the new vp had was to derecognize the nz proprty and any hope of development. Nothing has moved on Algeria with this new vp. The only thing that has occured is cash is burning faster than positive developments. Noone can tell me that with the company on hold that the two senior executives do not have time to do more work that they have hired outside people for. Is this becoming a part time job for the ceo and cfo ? My suggestion is to turn the lights off, keep only block 13 staff ,stop travelling as its doing no good anyway, and wait for exxons marching orders. Lets stop pretending that this is more than a one trick pony and trim all senior executives non essential,stop defending these guys and say it like it is they still think they are running oilexco pre bankrupcy and this thing is headed in the wrong direction.
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