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Exxon Mobil Remains A Stalwart & National Oilwell Varco Wants A Fairy Tale

Exxon Mobil: Go Long Now, Hold Forever

Summary

  • Exxon Mobil's earnings reports have surprised on the upside in eight of the last nine quarters.
  • Better earnings comps should create another surprise this quarter.
  • Cost reductions and a focus on fundamentals through the commodity price cycle should translate to a higher stock price.
  • Exxon Mobil's dividend offers an attractive yield and plenty of room for growth.

By Tony Termini

Exxon Mobil has been around for a long time and it looks like it's still going to be around for years to come.

Before I begin this piece, you need to know that I own Exxon Mobil (NYSE:XOM) and have no intention of selling it. To really understand why I think you want to buy XOM right now, a little background is important.

In the last three years, the price of a barrel of crude oil has gone from close to $110 down to under $29, and from there, in just the last five months, has bounced back to just about the $50 range. In my opinion, the last three years represent the first phase of the commodity price cycle for crude, and I believe that, from here, the trend will be positive, albeit a little less rapid. Nevertheless, the huge decrease in price has taken oil & gas producers on one heck of a ride... CONTINUE READING



Can National Oilwell Varco Have A Fairy Tale Ending?

Summary

  • Please note that this is not a fairy tale, but the story is very good.
  • Even on a non-GAAP basis, National Oilwell Varco earnings still look bad.
  • The chart is downright ugly.
  • Nevertheless, I expect a happy ending.

By Tony Termini

It's time boys and girls for an uplifting story reminiscent of Rip Van Winkle. But, in our story, you don't have to fall asleep, nor does the timeframe need to be 20 years. The hero of our story is National Oilwell Varco (NYSE:NOV) and in my opinion, this is a good one to own. Our story goes as follows.

Not long ago in the world of crude oil, the evil villain supply ravenously consumed unsuspecting demand, driving the price of a barrel of oil from about $110.00 down to roughly $29.00. And, as the chart below illustrates, crude's looking a bit better since hitting that nearly 12-year low... CONTINUE READING

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