Saturday, January 20, 2007

Exxon Mobil


I like XOM here. Its pulled back and the oil stocks in general have been hit by lower oil prices. Exxon Mobil reports earnings on Feb 1. I think XOM is a good contrarian play here. Looking at the chart, the long-term uptrend is still in tact. Its not unreasonable to see Exxon Mobil trading near a $100 in a couple of years.

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