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Sean HymanSean Hyman
Keymaster
Post count: 7061

Only selling half.

Why? Oil is still in an uptrend. Exxon confirmed they can keep their 8% dividend (which is rare for solid companies). That unusual yield alone could drive a lot of institutional money into it since it concerns a company that’s fundamentally solid and has enough cash to pay its dividend and should have a better future with rising oil prices.