Why Exxon and Petrochina are trading dirty cheap?

D

Daal

PEs 11.5 11.8
Thats fking insane. Exxon is a fking AAA rated company, petro gives you exposure to the yuan which will guaranteed gain against the dollar. even oil movements doesnt explain this
 
Because their intrinsic values are pegged directly to a volatile commodity.

Should crude oil drop in value, their "cheapness" will melt very quickly.
 
Quote from Daal:

PEs 11.5 11.8
Thats fking insane. Exxon is a fking AAA rated company, petro gives you exposure to the yuan which will guaranteed gain against the dollar. even oil movements doesnt explain this
More...

Most likely remain depressed until late May/June.
 
You must log in or register to reply here.
Back
Top