[ThePitBoss]

…

[article]551[/article]

[ThePitBoss]

Here is an excellent chart using DeMark on $XOM over the Earnings and crash period. via @TommyThornton
‘$XOM Exxon good downside reaction to upside DeMark exhaustion signal’

[TradersCom]

[quote=”ThePitBoss” post=4736]Here is an excellent chart using DeMark on $XOM over the Earnings and crash period. via @TommyThornton
‘$XOM Exxon good downside reaction to upside DeMark exhaustion signal’

Shows you tied to the Dow $XOM is – too many make the mistake it is just oil

[ThePitBoss]

Exxon reports seventh oil discovery offshore Guyana

Exxon said yesterday that the Pacora-1 well in the Starbroek block offshore Guyana has encountered around 65 feet of high-quality oil-bearing sandstone. The well was drilled 18,363 feet in 6,781 feet of water. Exxon is operator and holds a 45% stake in Starbroek, with partners Hess Guyana (30%) and CNOOC (25%). (Exxon, Bloomberg)

[ThePitBoss]

Exxon to exit Russian JVs hit by sanctions

Exxon Mobil is abandoning JVs with Rosneft as a result of international sanctions against Russia that caused a halt at a major drilling project. The decision to depart Exxon’s biggest exploration region was made late last year, and the company expects to formally initiate withdrawal procedures in 2018.

Exxon reportedly took a $200m after-tax loss in 4Q17 as a result of pulling out of the Rosnneft JV, but also loses an area that was meant to be a significant driver of longer-term growth opportunity. (Bloomberg)

[CautiousInvestor]

[size=5]yes – Batton down hatches … Filled up our Toyota Avalon to brim at $2.35
Now heading for “bunkers” as massive storm is heading this way
and maybe even a financial one … if inflation + interest rates increase – so will price of OIL :ohmy:[/size]

[Author]

Posts