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Originally Posted by FakeNameChanged
So I'm reading an article this morning that China is stepping in to buy oil reserves at these record low prices. Futures up over 10% right now. Still on standby until some hurdles have been cleared.
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Along with my interest in oil with the "coming" recovery, XOM is very attractive to me plus its 9.2% dividend. Of course div's are not the driving force, as it may be cut altogether. Being a contrarian and an optimist, my personal model says Exxon is at the bottom, or very near. If everything in the economy goes to hell, then it won't matter much. Many if not most of the WS analysts have NOW downgraded XOM and that is a plus in my book. Caution, do your own due diligence.
