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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 oilsupporteron May 04, 2021 5:35pm
124 Views
Post# 33128757

RE:Published numbers don't lie

RE:Published numbers don't lie

What is the downside to derisking the sale price value of oil into the future?  The prices are great security for us for the specific amounts of oil you reference in your post that we have agreed to sell for specific prices.  The currently released information clearly said they are entirely rethinking their future development plan based on how favourable the testing has shown on increasing flow.  So the information is basically saying we expect to produce more than we originally thought so we are considering our development plan. To me that says they are figuring out how to maximize profits.  All oil above the minimums will be sold at market.  More oil and more profit for us.

 

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