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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 oilsupporteron Nov 21, 2016 1:29pm
220 Views
Post# 25490545

RE:RE:RE:RE:That explains Art and his cronies getting free options

RE:RE:RE:RE:That explains Art and his cronies getting free optionsXOP already took 30 million options earlier this year.  Nobody minds management getting a decent wage and some options.  The ongoing problem here has always been XOP's extravagant compensation and spending, with no revenues, and massive option grants.  This 7.5 million options was a double down this year.  Of course they won't exercise them if this doesn't play out.  But if it does play out, they have a free ride.  This last option grant is just too close to a spud date, that they had to know was coming.  That is a problem.  Management must be confident that Block 13 will prove out, to dilute investors that much more after 4 years of living off financings. 
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