Thursday, April 17, 2008

XOM

I've been steadily increasing my shares of XOM for the past 10 years and they have yet to disappoint. I find the dividend a little low for oil stocks, but solid growth potential. I don't see the demand for oil decreasing either.

I've heard speculation of the stock reaching $120. I feel that's optimistic, but do see it hitting $100 by the summer. I'm going to increase my position on the next dip.

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