Exxon Mobil Is Running Out Of Gas


  • Exxon Mobil has been on an absolute tear this year, up 75% while the S&P 500 is down 25%.
  • The stock has reached all-time highs on strong earnings and outstanding momentum.
  • Nonetheless, this is precisely why I feel the stock’s rally may have peaked, and I’m not alone.
  • In the following piece I lay out my bear case for current long shareholders and prospective dividend investors.
ExxonMobil"s Baton Rouge Refinery, Louisiana, USA


Exxon Mobil Bear Thesis

I sold out of my Exxon Mobil (NYSE:XOM) position back in June and I’m currently bearish on oil stocks going into next year. I expect the Fed has already made a mistake and we are inn

Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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