Posted on 04/22/2020 5:17:07 AM PDT by granada
But I bet you have gotten tires, things made of plastic and a hundreds other things made by XOM.
I agree with that, but got flamed by Uncle_Sham
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Actually I thought his response was reasoned and thoughtful, and not even close to flaming which, unfortunately, there is a lot of on FR these days. Guess lots of poster are exhibiting signs of cabin fever.
I reached end point on how some respond to me long before this Wuhanic Plague thing. Started with illegal immigration and a lot of folks failing to listen. Sooner or later we all have to sit down to a banquet of consequences.
So many people never see the writing on the wall when it's right in their faces.
...one of the few mega petrochemical projects in China wholly owned by a foreign investor.
Tillerson was still running Exxon Mobile when planning for this probably started.
Reminds me of Simon and Garfunkel’s Sounds of Silence
The words of the prophets are written on subway walls, and tenement halls
Companies deal with China like young men and strippers, always ignoring the history of bad behavior for short term joy ....
Everybody sing with me...
“We are the world....”
SHEESH....
America is just a tool in the box.
The United States is in deep dooo.
You’re probably right. I have Pirelli P7s on the Jeep HEMI, but I don’t read the other products’ labels that closely. I know I should. I used to look at “country of origin” labels, but don’t always do that, anymore.
Had Scarborough Fair played at our wedding many years ago. Nice to see someone still remembers the quality stuff.
I can understand why you opted to sell your XOM holdings. It can be a tough industry at times and the volatility can be hard to live with, financially speaking. And this time around the industry suffered a rare, and devastating, double whammy of a price war and the Coronavirus outbreak.
But you might wish you had held on to some of it when the next flash point somewhere in the world erupts and everyone starts worrying about a supply problem again. This is an inevitability.
Just my .02 cents, which might be about the sum of my XOM dividends next quarter. LOL.
Understand, all investment carries risks and benefits. The dividends have been very nice, I have carried the XOM stocks, and added to them for decades.
But (yes I know the fallacy) This time feels different.
Remain vigilant, live in fearless caution
“This is the inscription that was written:
mene, mene, tekel, parsin
26 “Here is what these words mean:
Mene[e]: God has numbered the days of your reign and brought it to an end.
27 Tekel[f]: You have been weighed on the scales and found wanting.
28 Peres[g]: Your kingdom is divided and given to the Medes and Persians.”
Exxon is a company full of Rex Tillersons
mega petrochemical projects in China wholly owned by a foreign investor.
Not for Long, it is bound to be seized by the ChiComs, see Saudi Arabia and BP
... this time around the industry suffered a rare, and devastating, double whammy of a price war and the Coronavirus outbreak.
This double whammy has presented a "once-in-a-lifetime" buying opportunity.
I started buying XOM at $32 a share.
This country runs on petroleum. The low prices at the pump will benefit the consumer and help speed the economic recovery.
As demand increases, the price of oil will go up as well. I strongly believe that the big oil companies will recover much faster than other industries.
XOM is my only energy holding at the moment. I have a very low cost basis on it and simply harvest the dividend stream. Oil is not going away, and neither is XOM.
That said, I’m starting to think about slowly accumumating some MRO.
This time feels different.
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This has been a devastating shock to the economy, no doubt about it. But consider that many new virus tests and treatments are being developed and will soon come online. And...there are promising advancements toward new vaccines. We’ll beat this thing and come out of it better prepared than we were before to deal with future outbreaks.
I also think a lot of people are ignoring the resiliancy of American business and the awesome power of the advertising industry with its ability to literally drive consumers to products and services. We also have powerful, innovative technoligies as a tail wind. 5G will soon be here and may be a bit of a game changer.
Not saying we’re bouncing right back but I do see catalysts and advantages that people are not recognizing. I guress I’ve been through too many crises before and tend to see some silver linings where others just see clouds. :)
BP stocks up
Exxon stocks on slippery slope
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