Exxon Mobil Financial Analysis - opinion
Subscribe Bronze Sign-up Member Login. Despite ExxonMobil signing a risk service agreement to become the operator of Namibe deepwater blocks 30, 44 and 45 in late October, it remains far from certain that oil will be produced in the foreseeable future. Therefore—even if Namibe was able to match both the costs and scale of the West Atlantic discoveries—it will be difficult to proceed with such projects if oil prices remain rangebound. The economic value of its production shrunk Nonetheless, the ExxonMobil agreement—made two years after penning a memorandum of understanding to explore the southern Angolan basin—led Paulino Jeronimo, president of the Angolan National Oil, Gas and Biofuels Agency, to predict more contracts would soon be signed with other oil companies.Exxon Mobil Financial Analysis Video
ExxonMobil Financial Report: EXXONMOBIL Financial Statements and Financial Ratio Analysis by Paul Exxon Mobil Financial Analysis
Type : Bearish.
Type : Bullish. Type : Neutral. Open: Low: Summary of the analysis. Court terme: Strongly bullish. De fond: Neutral.
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Bullish above My targets. My analysis. To avoid contradicting the short term, traders may prefer long positions at the time of purchase as long as the price remains well above Short-term buyers will use the resistance located Exxon Mobil Financial Analysis A bullish break in this resistance would boost the bullish momentum.
The next bullish objective would then be set at Crossing this resistance would then open the door for buyers to target Caution, if there is a return to under Beware of against the trend sellers, many of whom will certainly benefit from this movement.
Summary of the analysis
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
This analysis was given by yarofx. Take part yourself by sharing additional analysis on another time unit:. Attention: This analysis is for information purposes only and does not constitute personalized investment advice or an incentive to buy or sell financial instruments.]
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