Dueling Fools

Dueling Fools
February 3, 1999

Exxon, Exxoff
Exxon price (2/2/99): $68 11/16

Are you pumped up for big oil? As the country's largest petroleum company sets out to get even bigger, where do you stand? Leaded? Unleaded?

This week we have a pair of Fools at the opposite sides of this self-serve Duel. Yi-Hsin Chang (TMF Puck) thinks good times lie ahead for Exxon (NYSE: XON). Rick Munarriz (TMF Edible) sees an oil slick.

And don't miss this week's Duel Flashback, where we drive back to the golden arches of our McDonald's (NYSE: MCD) Duel to see who ultimately had the better beef.

You Get to Vote!

Once you've read the arguments and the rebuttals, it's your time to cast your vote. We'll tabulate results each week and revisit them from time to time to see whether you were right! As always, we invite you to join us in the Dueling Fools Message board to continue the duel.

[Any suggestions, comments, praise, or flames, please send them along to the Dueling Fools Team.]

The Bull...
Anyone who drives a car or pays minimal attention to the sign when passing a gas station knows that these days gas is cheap. A gallon of gas, in this country at least, has long been less expensive than a bottle of Evian. But now you pay more for a gallon of distilled water than you would for a gallon of unleaded gasoline.
The Bear...
You don't have to be an energy guru to figure out why Exxon is in trouble. Next time you're filling up your gas tank, check out the overhead price sign. Cheap, cheap crude. Pump prices haven't been this low since 1986. Back then Exxon's shares were trading in the high teens. Why is this Exxon four times better?

Results for last week's @ Home Duel

Answer Percentage
I can't make up my mind


TMF Jeff's Bull argument


TMF RFK's Bear argument


They were both excellent


They were both lame