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

Spdr S&P Oil & Gas Exploration & Production Etf > Published numbers don't lie

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Comment by oilsupporteron May 04, 2021 11:19pm

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Post# 33129964

RE:RE:RE:Published numbers don't lie

So I looked up Cuda and today they posted their March 31 update. Says they arranged a credit facility as of December 31 but are in default and can't say they can make an arrangement with their creditors. So that seems to bode well for take over by creditors to liquidate and sell to us because Cuda is not paying its share of the bills. So that might be going on while this is delisted in UK. Art is pretty clear he views UK as his main market. I understand we are targeting total production of 7k to 10k boe and so hopefully our share of that is more than 58 per cent now.

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