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Strategies & Market Trends : Value Investing
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To: Spekulatius who wrote (74841)1/9/2024 9:09:19 PM
From: stuffbug2 Recommendations

Recommended By
E_K_S
Spekulatius

  Read Replies (2) of 78476
 
Re: XOM

Yup, go woke like Shell, go broke. Exxon quadrupled off the Covid lows, setting a new all time high. Shell didn't even triple and its recovery peak is barely 60% its all time high.

Besides Guyana, Exxon also has a massive land position in the Permian Basin. They believe technology improvements will eventually unleash triple the current estimates of total recoverable hydrocarbons - the Saudi Arabia basin of the USA.

btw, the Canadian equivalent to XOM is Canadian Natural Resources (CNQ), also trades on NYSE.
CNQ now pays a quarterly dividend of cad $1.
Covid low was cad $10, dividend never cut.
Buying opportunities whenever CNQ declines 15% from an intermediate high.
On a value basis, I would likely choose XOM over CNQ today.
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