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home / news releases / XOP - Here's Why Oil Stocks Are Priced For Armageddon


XOP - Here's Why Oil Stocks Are Priced For Armageddon

A year after I predicted the oil price collapse, I suggested that we were at the beginning of the end of the oil age. Both times I was told I was in wrong. In fact, I was told I was crazy.

Several years later, here we are, and oil is in the midst of yet another correction. Oil stocks are doing even worse. The SPDR S&P Oil & Gas E&P ETF (XOP) is down nearly 40% from its 2018 high and nearly 70% off its 5-year high.

What is causing this

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Stock Information

Company Name: SPDR S&P Oil & Gas Explor & Product
Stock Symbol: XOP
Market: NYSE

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