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Is Exxon a Good Buy, Finally?

TraderTate in Markets & Trading

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TraderTate    + 186

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Hearing a lot lately about how Exxon is a good buy. I'm not sure I'm completely convinced. That said, Exxon has worked hard to take a chunk out of its debt, slow dividends and get rid of buybacks. It's also focusing now on North American shale and has sold off non-critical assets. So cash flow is looking better, but I'm still not convinced that oil prices are going up ... The argument Exxon lovers are using, though is that shares will go higher when buybacks are unleashed. 

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