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 > Still on life support

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Comment by good40on Aug 09, 2021 10:00am

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Post# 33671286

RE:RE:RE:RE:RE:RE:RE:RE:Still on life support

The market cap will obviously fall after consolidation Alkhor... which is why they haven't already done it.
Can't imagine why anyone would buy it...since their production volume is similar to small operated Texas stripper wells... while repaying $45 million which effectively costs them over 20% annually.

I realize this is being heavily promoted on the UK boards... they are just waiting for the relist and a chance to dump their .38p shares, which was already up 10 fold on acquisition news.

XOP's partner, Cuda, have all their Q reports on Sedar since miscible flooding commenced. Have a look for what to expect. They do have finance problems... but so does XOP. Only $6 million working capital as of March 31st. (over $50 million expected capex) if approved by the lender.

Hard to imagine but this one has again reported that they can't make their Q2 timeframe committment. In any case, Cuda should report on time and will reflect percentage numbers on oil volume.

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