Bank Of Montreal Expands Investment Offerings With New ETNs, Bitcoin Bet
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 21 2025
0mins
Source: Benzinga
BMO Launches New ETNs: The Bank of Montreal has introduced five new exchange-traded notes (ETNs) focused on the energy and financial sectors, allowing investors to leverage or bet against major oil and bank stocks.
Significant Bitcoin ETF Investment: BMO has significantly increased its Bitcoin ETF holdings from $13 million to $150 million, indicating a strong institutional interest in cryptocurrency.
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Analyst Views on XOM
Wall Street analysts forecast XOM stock price to fall
19 Analyst Rating
12 Buy
7 Hold
0 Sell
Moderate Buy
Current: 147.010
Low
114.00
Averages
132.17
High
158.00
Current: 147.010
Low
114.00
Averages
132.17
High
158.00
About XOM
Exxon Mobil Corporation is an energy provider and chemical manufacturer. The Company’s principal business involves exploration for, and production of, crude oil and natural gas; the manufacture, trade, transport and sale of crude oil, natural gas, petroleum products, petrochemicals and a wide variety of specialty products; and pursuit of lower-emission and other new business opportunities, including carbon capture and storage, hydrogen, lower-emission fuels, Proxxima systems, carbon materials, and lithium. Its Upstream segment explores for and produces crude oil and natural gas. The Energy Products, Chemical Products, and Specialty Products segments manufacture and sell petroleum products and petrochemicals. Energy Products segment includes fuels, aromatics, and catalysts and licensing. Chemical Products segment consists of olefins, polyolefins, and intermediates. Specialty Products segment includes finished lubricants, basestocks and waxes, synthetics, and elastomers and resins.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Industry Support: Fifteen business associations, including Volvo, urge lawmakers to back the deal, asserting it will ensure stability for the $2 trillion annual transatlantic trade, although they caution that this is not the end of negotiations, with future U.S. tariff policies still a concern.
- Future Uncertainty: Trump's threat of 100% tariffs on French wine could jeopardize the implementation of the agreement, prompting the EU to prepare for the suspension of parts of the deal if necessary to address potential trade conflicts.
- Non-Tariff Barriers Issue: Beyond tariffs, both sides must address non-tariff barriers and regulatory issues, with the U.S. insisting that the EU tackle concerns like the carbon border tax, while the EU expresses dissatisfaction with U.S. tariffs on metal products, complicating future negotiations.
See More
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- Acquisition Rumor Clarification: Woodside Energy stated it is not aware of any acquisition proposal involving U.S. Exxon Mobil and is not engaged in discussions regarding a potential transaction, affirming its independence and maintaining market confidence amidst speculation.
- Market Expansion Plans: Despite the rumors, Exxon is reportedly studying the potential acquisition of Woodside to deepen its presence in the liquefied natural gas and Asian markets, indicating intensified competition in the global energy sector.
- Government Stance: Western Australia Premier Roger Cook announced that the government would oppose any takeover that involves relocating Woodside's headquarters from the state, emphasizing local government support for homegrown businesses, which could impact future acquisition negotiations.
- Investment in Projects: Woodside recently increased its stake in the Browse project to approximately 42%, reinforcing its critical role in future supply growth and demonstrating the company's ongoing investment and development potential in the liquefied natural gas market.
See More
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- Stock Index Futures Rise: Stock index futures surged sharply on Monday as the U.S. and Iran announced a long-awaited peace agreement that would restore shipping through the Strait of Hormuz, boosting market sentiment.
- Birkenstock Bond Sale: Birkenstock saw a 0.39% decline in premarket trading as the German footwear company prepares to raise approximately €900 million through a seven-year bond sale, primarily to refinance existing debt and maintain capital allocation flexibility.
- Tripadvisor Sells TheFork: Tripadvisor's stock jumped 13.62% in premarket trading after entering an agreement to sell its European online restaurant reservation platform, TheFork, to American Express for $700 million in cash, with the transaction expected to close by the end of 2026.
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See More
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- Energy Stocks Decline: Energy stocks fell as U.S. oil prices dropped 5% to near $80 per barrel due to a U.S.-Iran deal, with APA and Devon Energy both down over 3.5%, reflecting market concerns about energy demand.
- Airlines and Cruise Stocks Rally: Benefiting from lower fuel prices, United Airlines and Delta Air Lines rose over 5% and 4%, respectively, while Norwegian Cruise Line and Carnival Corporation jumped 4.5% and 4%, showcasing optimism in the recovery of the travel industry.
- Fox Acquires Roku: Fox Corporation announced its acquisition of Roku for $160 per share, leading to a 12% drop in Fox's stock despite an 11% premium, as the market remains cautious about the prospects of the merged entity.
See More
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- Acquisition Target Assessment: ExxonMobil is evaluating potential acquisition targets, including Australia-based Woodside Energy Group, aiming to expand further into the liquefied natural gas (LNG) sector and reinforce its foothold in Asian energy markets.
- Strategic Shift: A successful acquisition of Woodside would represent a strategic shift for ExxonMobil, which previously completed a $60 billion deal for US shale producer Pioneer Natural Resources in 2024, indicating a significant expansion of its operational reach.
- Rising Market Demand: Increased energy demand and geopolitical disruptions have prompted Asian buyers to seek LNG suppliers outside the Middle East, with Woodside establishing sales agreements in Japan and South Korea and progressing on a Gulf Coast development set to operate by 2029.
- Government Stance: Western Australia Premier Roger Cook indicated that the state government would not support any acquisition that results in Woodside's headquarters moving from Perth, highlighting local government’s protective stance towards its businesses.
See More
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- Crude Price Collapse: Brent crude futures fell 5.2% to $82.83 per barrel, while U.S. West Texas Intermediate dropped 5.6% to $80.09 per barrel, directly impacting energy stocks and leading to a decline in investor confidence.
- Energy Stocks Decline: Shares of Exxon Mobil (XOM) and Chevron (CVX) fell by 3% and 2.6%, respectively, with other companies like Diamondback Energy (FANG), Devon Energy (DVN), and ConocoPhillips (COP) experiencing declines between 2.8% and 3.7%, reflecting market concerns over future oil prices.
- Geopolitical Impact: The preliminary agreement between the U.S. and Iran may end the conflict and reopen the Strait of Hormuz, although analysts caution that it could take months for oil flows to return to pre-war levels, affecting the global oil supply-demand balance.
- Cautious Market Reaction: While there is growing optimism about a return to 'normalcy', analysts highlight that issues such as tankers being in the wrong locations, insufficient production facility recovery, and insurance costs will continue to hinder a rapid recovery in the oil market.
See More
