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 > how did the split go

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Comment by good40on Jul 05, 2021 11:23am

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Post# 33492745

RE:RE:RE:how did the split go

It's a little confusing Trainee. You can find it on Sedar. They intend to use the 2016 approval of 10 for 1, then use the latest approval of 100 for 1.

The 100 for 1 will probably be used "when required". As an example, they may do a reverse split of 10 for 1... then another reverse split of 10 for 1. (10 x10 =100)

The 100 for 1 coupled with the 2016 approval of 10 for 1 provides a 1000 for 1 consolidation.

I'm thinking there are currently 18 billion fully diluted shares. This would be reduced to 18 million shares with a theoretical $10 share price assuming the current price stays at 1 cent.

It would be $15 per share if the price rose to 1.5 cents. $20 per share if the current price rose to 2 cents.

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