FANG - Bullish On Oil? Look Beyond Exxon Mobil For Bigger Gains
2024-03-11 07:00:19 ET
Summary
- Exxon Mobil has a history of underperforming its peers during oil price rallies.
- While it has a size benefit, a healthy balance sheet, growth opportunities, and a strong dividend growth profile, I expect the stock to keep underperforming its peers.
- In this market, I prefer cheaper plays, companies with special dividends, and smaller plays capable of outperforming XOM.
- I remain bullish on Exxon, as it is Not a bad stock.
Introduction
Exxon Mobil ( XOM ) has been a key driver in my portfolio and allowed me to outperform the market since 2020.
During the pandemic, I bought the stock dirt cheap close to $30, when the entire world was buying tech, growth, and alternative investments like crypto and pictures of rocks .
However, I sold Exxon Mobil and shifted my money to peers, like Canadian Natural Resources ( CNQ ), as I realized I had bet on the wrong horse....
Bullish On Oil? Look Beyond Exxon Mobil For Bigger Gains