Monday, 10 February 2014

Exxon Mobil (XOM) ... eye catching

Monday 10th February 2014

Exxon Mobil's (XOM, mkt cap $392bn) chart and recent price movement relative to BP (BP/, mkt cap £89bn) has drawn my attention. 

XOM - share price - oversold and testing channel
Source: Bloomberg
XOM share price relative to BP/ in USD
Source: Bloomberg
So I've bought a boat load of XOM April $100 calls at around 21 cents. 

And another thing ...
I note that Warren Buffet's, Berkshire Hathaway, disclosed a $3.45 billion stake in XOM during November last at what was close to current levels. He's pretty good. 

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