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Author Topic: Fossil Fuel Profits Getting Eaten Alive by Renewable Energy!  (Read 9375 times)

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AGelbert

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    • Renwable Revolution
ExxonMobil Posts $4.7bn Loss in H1

Published at 05:11PM - 29/07/16

http://www.offshorepost.com/exxonmobil-posts-4-7bn-loss-h1-2016/

Agelbert NOTE: Has ANYBODY claimed this is an absolute death sentience for them? NO.

WHY NOT? Because there is a fossil fuel industry mind block  at Wall Street!  If ANY other corporation (not part of the fossil fuel industry welfare queen gang) had these kind of loses, the stock would be in free fall well past a 15% drop.

Consider, for a moment, the totally unrealistic way this oil major (polluting pig) is ridiculously considered a 'going concern' and a 'good investment' by Wall Street brokers, despite this devastating loss. Yes, Exxon has their buyback scam in high gear to try to keep the stock from cratering by draining corporation capital. Tillerson has been DOING THAT for over TWO YEARS! That alone is enough to have them downgraded to SELL, even before the devastating loses they have been incurring were reported.

But all you hear is talk of their 'sound' decision to maintain the dividend yield. HELLO?!!! They have MASSIVE LOSSES. That means you are supposed to SELL and stop your stubborn, irrational and stupid fossil fuel worship like that which governs most of the idiots at ZeroHedge.   
 
If Musk had a loss like this, do you think TESLA stock would only be down by two percent or so? Of course not! Every brain dead fossil fueler and his mother 'energy expert' crook and liar pal would be screaming that TESLA was a dead corporation walking and much deserving of instance death!   

The bottom line is that Exxon is a SELL. If you do not believe that, then go ahead and BUY, BUY, BUY. When you lose your shirt, it will be well deserved.  ;D


Quote
“We are all born ignorant, but one must work hard to remain stupid.” - Benjamin Franklin
Rob not the poor, because he is poor: neither oppress the afflicted in the gate:
For the Lord will plead their cause, and spoil the soul of those that spoiled them. Pr. 22:22-23

 

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