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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

Comment by checkingfacts66on Jul 29, 2015 5:56pm
200 Views
Post# 23973681

RE:But who really knows? [and it isn't me]

RE:But who really knows? [and it isn't me]In reply to this post about why you bought at $0.09, you did not read earlier posts. You got a $0.12 warrant.  The stock price is below $0.09, but once it goes over $0.12, you can sell your share and have a free carry on the warrant.  So you make less than the person who bought at rock bottom, but you made a profit.  If you sell out completely and derisk, you have free shares at $0.12.  That has value.  I bought as well, hoping this goes to $0.23 after a drill announcement.  I will clean stuff up and carry my options going forward.  I expect I will be selling in late November.  Lets see if I am right.  Repost this if I am wrong.  I am predicting $0.23 by November after an early October drill announcement.


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