norok

Close your eyes and buy: XOM

Long
NYSE:XOM   EXXON MOBIL CORPORATION
At the start of the year with EV on everyone's lips I wanted to be contrarian. What is the sector that is MOST HATED in the market? Energy... specifically "dirty" energy. NYSE:XOM at the very start of the year was trading below Book Value. Through all of these price shocks to oil and a bearish energy market they have not ceased or cut their dividends. Even now at this price it still offers an above 7% yield. Unfortunately, I hesitated as now this week the bullish case seems to be known by all with new analyst upgrades coming out. I hate to do it but I started my long term position today. I'll add to my full allocation on (hopefully) pullbacks but sometimes you just have to buy the highs to get in.
Trade active: Added more to position on this pullback.
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Comments

Got in on oil at $31 and some change, possibly the first bottom I have ever caught. Looking forward to watching this progess.
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SO.. In 20 years.. we ain't gonna need oil? Exxon Mobil gets another bull at Barclays on spending cuts, improved macro
Jan. 14, 2021 12:15 PM ETExxon Mobil Corporation (XOM)By: Liz Kiesche, SA News Editor24 Comments
Exxon Mobil (XOM +3.4%) gets upgraded to Overweight from Equal Weight by Barclays analyst Jeanine Wai amid a more constructive macro outlook and capex/cost repositioning that provides "a solid springboard for materially improved financial metrics that are impossible to ignore."
H2 2020 data suggests oil demand is rising vs. pre-pandemic levels in China, flat in India, and down only marginally in several other emerging economies.
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norok Clarkbar2
@Clarkbar2, yeah I really hate being in agreement with all of this mainstream analyst publications. It makes me feel not contrarian.
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Comment removed.
Clarkbar2 Clarkbar2
LIKE VERY MUCH TO NOROK CHART UPDATES.. and HAVE ADDED TO MY XOM POSITIONS.. THANKING THE NOROK FOR HIS HELP IN CLIMBIN THE XOM LADDER~!
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