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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Paul Senior who wrote (19431)	7/15/2004 11:33:07 PM
From: E_K_S	Read Replies (2) \| Respond to of 79293

What's your target on XOM. It's been an excellent stock in my portfolio. Very long term, you can expect this stock to double every 7 years. I have owned this stock when it was Exxon and Mobil. Owned both companies with a very low cost basis. Recently, I have sold covered calls to generate extra income and rolled some of them over to the December $47.5. CVX, MRO and RD are other oil stocks I own. RD seems to be the best value play now as they were sold off after they adjusted their reserve figures. Do you have a target price for XOM? I think it gets a little rich in price above $45 but oil continues to go up too. EKS