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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

Post by Snakebite18on Jul 04, 2020 10:36am
200 Views
Post# 31223854

Positivity $$$

Positivity $$$Lots of positive talk going on here, especially over on the London southeast board. Next week could be our week to finally get this thing really moving. Couple of big key NRs due in the coming days. Then hopefully drilling plans sooner than later. I think everyone involved is going to want to start pushing pretty hard to ramp this up. Just to reiterate, remember the first drill program is a appraisal well of 6-10 thousand bopd. Not exploration. They already know something is there. Is just a matter of how much and what quality. Lots of big bids coming in and heavy players starting to take notice here as well. Banks jumping in on the fun as well. Could get very interesting pretty quick here. Nigeria has a very high drilling success rate that is really taking of with a lot of interest from industry heavyweights like Chevron, Shell, Total and more. Nigeria ranks in the top 10 oil producers in the world with what seems to be endless amounts of tapped and untapped resources. Going to be a exciting next few days and coming weeks and even months with Brent Crude prices slowly coming back. With our project right smack in the middle of it all. $$$$
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