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).

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Spdr S&P Oil & Gas Exploration & Production Etf > JP Morgan Predicts $100 a Barrel

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Comment by 1991nightmaresson Jun 20, 2020 8:53am

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Post# 31172491

RE:RE:RE:JP Morgan Predicts $100 a Barrel

Costs to drill right now are really low , not a lot of work for service providers at the moment, but that's good for us, Brent is about $40 bbl , are cost to drill should be way under that , let's say $20 bbl just for conversation purposes, the costs are only half what oil sells for, but the economy is coming back so demand will go up , which in short means everything will go up , so we need to capitalize and drill as soon as we can... which I believe they are working on

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