Cramer’S Mad Dash: Do Not Abandon Oil

The energy market has always been a roller coaster ride, with ups and downs that can make even the most seasoned investors queasy. Recently, there has been a lot of buzz surrounding ExxonMobil, a company that has had its fair share of ups and downs. Let's dive into the latest news and discuss what it means for investors.

The Downgrade: Should We Be Concerned?

Recently, there has been a downgrade of ExxonMobil, but before we jump to conclusions, let's not read too much into it. ExxonMobil has been an incredible performer, and let's not forget about the big find they had in the Permian. This company has a track record of success, and one downgrade shouldn't make us panic.

The Alternatives: Should We Swap?

In the world of investing, it's always important to consider alternatives. With the downgrade of ExxonMobil, some may be wondering if it's time to swap into another company like Conoco. While it's a valid consideration, I believe in the power of holding on. There's nothing that's necessarily going to make ExxonMobil skyrocket to $90, but sometimes just holding on can be the best strategy.

The Responsible Investing Challenge

When it comes to investing in the oil industry, there's always an ethical dilemma. On one hand, oil companies can be incredibly profitable. When oil prices are high, it's like halcyon times for them. However, we can't simply abandon oil. It plays a crucial role in our economy. The challenge lies in finding a balance between profitability and responsible investing.

The Rise of Environmental Activism

One interesting aspect to consider is the rise of environmental activism within oil companies. In the past, boards may not have been as active in addressing environmental concerns. However, times are changing, and more companies are realizing the importance of environmental responsibility. It's time for companies like ExxonMobil to embrace this shift and consider putting environmentalists on their boards. This move can help address concerns from organizations like Audubon Society and Greenpeace, and show a commitment to responsible practices.

The Specialness of ExxonMobil

ExxonMobil has always been a special company, with incredible properties and a history of success. While it may face some challenges and temporary setbacks, it still holds tremendous upside potential. Its track record and unique assets make it a strong contender in the energy market. This is why many investors are optimistic about its prospects.

The Narrow Breadth of the Market

The energy market is not the only sector experiencing ups and downs. The market as a whole has been showing signs of narrow breadth. This means that the number of stocks performing well is limited, leading to potential substandard returns. It's important to keep an eye on this trend and adjust investment strategies accordingly.

The Future Fight Over the Debt Ceiling

Looking ahead, we have another potential hurdle to navigate - the fight over the debt ceiling. This issue is likely to stir up debates and uncertainties among investors. While it's impossible to predict with certainty how it will affect the market, it's something we should keep an eye on. The debt ceiling has been a source of contention in the past, and it's important to be prepared for potential volatility.

In conclusion, the energy market is always full of surprises, and ExxonMobil's recent downgrade is just one twist in the roller coaster ride. While it's important to consider alternatives and be aware of market trends, it's also crucial to have confidence in the long-term potential of companies like ExxonMobil. Responsible investing and the balance between profitability and environmental responsibility are challenges that need to be addressed. As investors, we must stay informed, adapt our strategies, and ride the waves of uncertainty with confidence.