As costs have increased and margins are expecting to decrease, oil and gas majors including Exxon Mobil (XOM) are feeling the squeeze. As this period of weakness is underway, these companies are reassessing their assets and presenting the long-term investor some excellent opportunities.
Setting the Tone
Last week Royal Dutch Shell (RDS.A)(RDS.B) “set the tone” for the majors, warning their fourth-quarter earnings would be “significantly lower” than 2012. Some of their reasons for this are:
profit margins on products fromContinue reading Exxon Mobil: Accumulate And Wait $XOM
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