Posted on 01/22/2020 4:00:53 PM PST by bananaman22
Nothing quite tickles the fancy of energy investors like a giant oil or gas find.
But here’s the secret sauce: stocks of small-cap companies tend to enjoy serious leverage whenever they strike oil, whereas the heavyweights, well, not so much.
You don’t have to look very far for an example: shares of ExxonMobil Corp. (NYSE:XOM) are down more than 20% since the company announced a 14-strong string of good discoveries off the coast of Guyana in 2015, one of its best finds ever.
That’s because companies like Exxon have their fingers in too many pies, and their share prices depend on many variables. Junior explorers, however, tend to have a singular focus. You can buy them up for pennies, and when and if they strike oil, it’s a shareholder bonanza of big returns.
(Excerpt) Read more at oilprice.com ...
Nah. His largeness mike l moore mooved it to 4 years if we don’t fix climate change today. If we don’t, we’re gone.
OK DOOMER!
Excellent.
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