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Gold/Mining/Energy : Exxon Mobil (XOM)
XOM 116.53+1.3%3:59 PM EDT

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Recommended by:
robert b furman
To: Jon Koplik who wrote (566)7/2/2024 10:45:41 AM
From: Doug M.1 Recommendation   of 585
 
But even if fossil fuel companies don't get back to that 20% discount mentioned in your post, they'll
still be some of the most lucrative and reliable dividend payers in the entire stock market. One thing
that these institutions, endowments, etc. can't control are the lucrative cash that these companies
will be raking in.

And if these fossil fuel companies can go from a 70% discount to a 40% discount, there's still upside
equity growth potential in these stocks - particularly if those earnings grow as oil marches above
$80 for both WTI and Brent.
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