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 > bought another 20k shares today

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Comment by ubiquitousmanon Jan 19, 2022 9:23pm

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Post# 34335733

RE:RE:RE:bought another 20k shares today

Any calculation starts with OOIP estimate then you apply a recovery factor. these are known
productive formations in WY. Looks at logs, get an idea of porosityt, look at other wells with a histor
of production out of these formations. I would say maybe primary recovery of 15%-18% of OOIP.
You usually recovery about 50% of what you are going to get out of a well through primary production in the first 5 years or so, roughly. Again, they are saying these are conventional reservoirs. Right now, it looks very interesting in my opinion. the market cap is low enough that
there could be significant upside from here. Time will tell of course, execution is key.

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