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 > Exciting times

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Comment by good40on Jan 15, 2022 12:00pm

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Post# 34320261

RE:Exciting times

Higher oil prices currently make them lose money as the 2022 hedged price is only $56.60/bbl for 1052 bopd. Latest news release shows current production around 1170 bopd.

The volumetric method of Oil in Place is irrelevant to value. It's the percentage of recoverable resources from the OIP , the cost to develope and the number of years to deplete the field.

I'm sure they'd be ecstatic with a recovery factor of 40%. Plenty of discoveries have delivered
much, much less.

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