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 > Published numbers don't lie

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Post by good40on May 02, 2021 11:09am

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Post# 33110562

Published numbers don't lie

Page 40 of the aundited financials.

Purchased gas will cost them $7.2 million this year...$8.5 million next year...$6.6 million in 2023

The negotiated price of oil sales for this year is $61.3 per bbl... $56.6 per bbl next year and $53 per bbl for 2023. Forget the WTI variable... the oil price is fixed.

Contracts currently are for 767 bbls/d...1052 bbls/d next year... 1142 bbls/d in 2023

Their partner has publicly stated that individual drilling costs are around $1 million per well.

Debt is 12.5% of $45 million per year. Add in administration, royalties and tax.

I don't believe there's any magic in those numbers.

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