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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 Snakebite18on Aug 11, 2020 9:22am
114 Views
Post# 31391820

RE:RE:RE:RE:RE:RE:RE:RE:$XOP

RE:RE:RE:RE:RE:RE:RE:RE:$XOPJust like it was said . The 51% doesn't apply here. Any money needed after comes from profits so the risk in this project pretty much has been taking out for COPL. As far as drilling this, you bet your a$$ Essars going to drill this. They have over 60 million reasons to, that there not going to just walk away from. Nigeria is a way different country now that relies heavily on there oil industry for income, so it's in everyone's best interest to push this through. Not sure where your going with the "stop gap" theory but this project was always green lighted regardless to what ever happened in Liberia. The oil business has always been risk vs reward, you have to spend money to make money. Made some good money in the Oilexco days, even made some money with the Liberia deal before it unravelled.  Every time you people say Arthurs done, here he comes again, so I think I'm going to stick around and see how this plays out. As they say if you can't take the get out of the kitchen. The rest of us will be just fine. Oh and by the way if and when this pans out, it's worth way more than 8 times.
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