War thesis validated: Iran conflict ongoing, no ceasefire, Hormuz partially closed to Western ships. Brent 101. Original exit March 10 was premature on false ceasefire signal. Raising back to 8. Permian 2M+ bbl/day, Golden Pass LNG online, 2030 plan raised to 25B earnings growth. Re-entry justified at 160-168. Stop 147, target 190.
Sold today. Iran ceasefire signaling killed the short-term thesis. Long-term XOM remains high quality but the catalyst (sustained + oil) is no longer in play. Will monitor for re-entry after conflict resolution.
Upgrading to 9. Iran/Strait of Hormuz crisis, oil at — weekly re-eval set conv 8 anticipating this. Now live and executing. Portfolio had zero energy exposure. Target conservative; at oil, XOM earns materially more. Stop .
Eagle will generate this view by the next trading session (~6h).
Eagle will generate this view by the next trading session (~6h).
XOM: Sold March 10 on false ceasefire signal. War ongoing, oil . XOM at (+4% since sale). Re-entry justified: thesis intact, Permian record production, Golden Pass LNG, B FCF plan. Target -195. Stop ...
XOM FY2025 delivers record production (+9.3% YoY to 4,736 Mboe/d) on Pioneer integration, but earnings fell for 3rd straight year (.8B net income vs .7B in 2024) as realized crude prices dropped from ...