Exxon's big news
Exxon announced today that they are pursuing 20 new projects.
Behind this announcement is geopolitics. XOM is losing a 41% stake in Venezuela's big oil company. It has another major stake in Sakhalin Island, Russia. Gazprom is not playing fairly with Shell on another bog Sakhlain Island project.
In other words, XOM is being pushed out of markets and needs to speed up investments in extraction. That means more exploration, drilling, & extraction.
Those are my favorite stocks: DO, ESV, IO, CLB, ATW, etc.
Look for some big announcements for these companies. The cash is flowing their way.
Behind this announcement is geopolitics. XOM is losing a 41% stake in Venezuela's big oil company. It has another major stake in Sakhalin Island, Russia. Gazprom is not playing fairly with Shell on another bog Sakhlain Island project.
In other words, XOM is being pushed out of markets and needs to speed up investments in extraction. That means more exploration, drilling, & extraction.
Those are my favorite stocks: DO, ESV, IO, CLB, ATW, etc.
Look for some big announcements for these companies. The cash is flowing their way.
posted by Andrew at
9:36 PM
2 Comments:
when are we gonna buy back the stocks?
Good day to buy!
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