It's been a long, long time since the oil and gas industry has faced such a severe downturn. To see the stress these companies are under right now, you need only look at ExxonMobil (NYSE:XOM). For decades, ExxonMobil has been the stoic oil and gas company investing through the cycle with incredible consistency. Yet on the company's most recent conference call, we actually heard it talk about investing more conservatively in this down cycle.
Shares of ExxonMobil are down 22% from their highs in 2014. While there are reasons to think ExxonMobil is one of the best in the business and a great investment in a down market, there are still reasons ExxonMobil's stock could fall even more than it already has. Here are three reasons shares could fall further: 1. Continued low oil price environment, Downstream earnings may not be the savior it was in previous quarters and Cash flow is getting really tight.
Source: Motley Fool
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3 Reasons ExxonMobil's Stock Could Fall Further
Posted by D4L | Thursday, March 03, 2016 | ArticleLinks | 0 comments »________________________________________________________________
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