SELLING AT 20 TIMES NEXT YEAR PROJECTED EARNINGS...
XOM is a well managed company, no doubt, and the dividend is “safe”... according to “pundits”...
they have a good balance with upstream and downstream and gas... blah blah blah .... wonderful... however the world is awash in oil and gas ..... now what..??
they have cut back on capex and borrowed cheap money to insure the dividend...
so when will they aquire relatively cheap assets ...... of couse ... when they see a potential rise in the energy area... so with the world economy hanging on by its fingers, central banks stunting to try to foster a “recovery”.... and the fed out of ammo.... why invest in the MARKET period..? Take a good look at the S+P earnings coming out and if there is really an economic upturn GREAT... dont think so..
Now if you ahve decades to invest and wait the outcome... perhaps...
Too much GUBMINT interference BHI/HAL.... PFE/AGN.... remember cash is KING...
Hate to tell you, bu there are the S & P credit ratings.
Treasury Bonds - United States- AA+
ExxonMobil- AAA