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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 Notmyfirstrodeoon May 22, 2019 11:32pm
111 Views
Post# 29766949

RE:RE:One more time

RE:RE:One more time Im far from bitter or frustrated. Ive been following this company for years and it made me some money before they drilled that duster in Liberia and I bailed out fast when that happened. If you did your DD then you know what they need to do to get the loan and you know the resources they have to get it done. They need to do a whole lot with basically no resources. They have been selling shares for several years and all the money goes to paying salaries and expenses. They have a huge cash burn and none of it goes in drilling in fact they put zero money into the last hole since Exxon paid the whole shot on that one. They have been issuing shares and living off the proceeds for years now and may be able to do this one more time. This company died when they hit nothing in Liberia. To the mathematically challenged fool that says this will go to 20 cents I will do the math on that for you. 0.02x2500000000=500000000. Since youre obviously quite challenged when it comes to numbers they need to be worth five hundred billion dollars for a share price of 0.20 and thats before the PP that they need to do soon to keep salaries paid and the lights on. Theres more dilution on the way maybe another billion shares or more. Seeing as how this may be the last trip to the trough it will be as big as they figure they can go. I applaud Art for keeping this going as long as he has and feel no pity for the fools that keep buying in. The numbers and info are all there and if you cant read them and see where this is going then you deserve to lose your money. They have done nothing except sell shares for years and that should be enough to steer anyone away. I hope Art floats another two and a half billion shares and takes the share count to five billion. What I want is for this to be done so Art moves on to a new venture with a new company so he can make me some more money because this isnt moving up again ever. Until then Ill just watch and laugh.
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