Exxon Mobil Corporation (XOM)

[totffe]

Oil is going to single digits and with that Exxon will nudge the $30 mark. Even with a substantial plan to cut operating expenses, the further erosion of crude oil prices will tug XOM inexorably lower. Don't try to catch a falling knife here. We are going lower. Maybe much lower. Be patient and the time to buy will present itself. That might not be until next Fall. Just the way it is.