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 oilsupporteron Oct 16, 2017 4:41pm

107 Views

Post# 26818670

RE:1.5 BILLION SHARES

Fair post. There is a lot here to be upset with XOP and Art on how they blow money. But you are arguing we should look backward at what happened to dictate how we invest going forward.

We are looking at Nigeria. A play that had proven commercial reserves with each of the 5 drills made in the past. We are currently surrounded by majors dumping money into the area. And we can obtain debt financing, which means that lenders look at this play as being a much different risk compared to exploration plays like Liberia. That is why I am buying more shares. Without this play, I would be long gone by now.

I am not defending the massive dilution. However, we would have drilled Liberia years ago if we didn't have Ebola. We can't blame that on Art. So part of the massive dilution you refer to here, that cannot all be blamed on management.

Bullboard Posts

Understanding tax loss season and the “Santa Claus rally”