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 > News release: Financials soon

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Comment by good40on Apr 30, 2021 11:49am

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Post# 33101386

RE:RE:RE:News release: Financials soon

Nightmare... they saved the worst for last. Check out the last page of the audited financial results, page 40... item 18b and 18c.

To get this loan, they needed to give away 5%. They also were required to enter into swaps, volume and pricing for the purchase of gas... and their expected volume and fixed priced for produced oil.

No need to guess at future WTI pricing. No need to guess at the price for purchased gas.

Throw in admin costs, drilling costs plus interest expense and Bob's your uncle.

Tough to see a vialble business plan.

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