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 > consolidation

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Comment by good40on May 28, 2021 5:59pm

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Post# 33291217

RE:RE:consolidation

Interesting that they mentioned 2016's approval of a 10 for 1 share consolidation. With the proposed
100 for 1... then the actual consolidation could be up to 1000 for 1... meaning total fully diluted would drop to around 18 million shares.

In any case, their business plan is to fund through equity offerings and in my opinion the only option they have. Dollars to donuts insiders sell before the consolidation.

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