Introduction
A month ago, in my February 13 column, I had readily acknowledged my strong support for the widely expressed judgment that “ExxonMobil in the second half of the 2010s and certainly all of 2020, had become a classic zombie firm, as that term is defined… in business, finance and economics” I used the preceding month to evaluate whether a turnaround away from this zombie status was likely; beginning in Q4 2021.
Today’s column turns to explore the role analysts of ExxonMobil stock and those focusing on the emergence of Guyana’s oil and gas sector project the latter’s role in a scenario where there is a turnaround of the former’s fortunes. In this regard, I believe that the stock analyst firm The Value Portfolio provides a convincing argument on this matter, while espousing strong support of XOM stock.
