Tuesday, January 31, 2012

Cramer Knocks Several Bakken Producers and Price of Oil Up $2.50; XOM Reports Earnings

Link to CNBC.

Oil has pulled back since earlier posting.

XOM beats/misses expectations, depending upon whom you listen to. Print media said average estimate was $2.01 for XOM. CNBC says XOM beat expectationshttp://www.cnbc.com/id/46191153?__source=yahoo|headline|quote|text|&par=yahoo ($1.97 vs $1.96).

XOM's natural gas position is interesting in light of current events; about two years ago XOM said it was focused on natural gas. One has to wonder about XOM's strategy.

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