Is ExxonMobil Still A Classic Value Trap?
Whitney Tilson’s email to investors discussing BP says the era of oil-demand growth is over; is ExxonMobil still a classic value trap?BP: The Era Of Oil-Demand Growth Is Over1) Today, global energy giant BP (BP) wrapped up its three-day investor event, in which it "said the relentless growth of oil demand is over, becoming the first supermajor to call the end of an era many thought would last another decade or more."This is a big deal, as this Bloomberg article highlights: BP Says the Era of Oil-Demand Growth Is Over. Excerpt:Oil consumption may never return to levels seen before the coronavir...