This one for you guys!
Here is a high percentage win, sleep well at night move XOM -- I like this stock.
It's XOM for triple play:
- XOM @ current price of $62 - $65 is still undervalue for the next 12 months outlook as the world is not even close to pre-pandemic return.
- Engine no 1 case is heading toward a close.
- Negative noises are heading out -- it actually created opportunities to buy.
- XOM IV is still low for Option plays.
- XOM with massive dividends for 12 months play.
- Demand for oil is not slowing down as Crude Oil rise each week.
- Iran deal seems to be priced in, even when it's still up in the air. An overreaction to the deal will create another buying opportunity.
- Rising demand and producers hesitance to dive back in to put more oil in the market.
- Crude oil has soared since the acceleration of Covid-19 vaccination programs and continues to move higher on more widespread vaccinations and inflationary pressures.
- Global demand still rising and won't be returning to normal until the Q3 of 2022.
- Money continues to rotate into the commodities sector.
- Monthly survey of fund managers by Bank of America showed that bullish commodities bets had overtaken Bitcoin as the most crowded trade in markets.
Overall, XOM price actions combine with massive dividends and low IV options -- that's a triple play.
Submitted June 15, 2021 at 11:56PM by WallstreetBoom https://ift.tt/2TEGcrG
