Target price $90/share by YE 2022.
7 replies (most recent on top)
So 7 years to get back to where it was....definitely not a stock to have In your IRA accounts.
Or invest in FAANG and retire early. #fire
I think $90 is possible when it reverse splits 10 to 1. #winning
Reverse triple split lol.
LOL only if it reverse splits
If Brent gets back to 60/B, then XOM can earn 23G/year or at 16P/E, this implies a price of 87/sh. So If you believe oil prices will be back to 60/B then XOM can sell at 88/sh. Brent is trading at $48/B, now, so, 60/B by 2022 is plausible. Also, $60/B oil gives over $43 G in cash flow, enough to pay $15 G in div, $23G in capex, and pay down debt at $5G/year. Cut another 5000 people ($1G in unnecessary expense) and this stock price could rise to over $90/sh...Very plausible.
The stock has been down for 10 years and all of a sudden it is going to more than double in 2 years? Somebody has been smoking the funny stuff tonight. Sweet dreams Cheech and Chong.