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: 146.600
Low
114.00
Averages
132.17
High
158.00
Current: 146.600
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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- 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.
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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.
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- 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.
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- AbbVie's Dividend King Status: AbbVie has increased its dividend for 54 consecutive years, boasting a dividend yield exceeding 3%, with seven of its twelve blockbuster drugs generating over $2 billion annually, indicating strong growth potential that is likely to drive stock price appreciation.
- Chevron's Stable Returns: Chevron has raised its dividend for 39 years, currently yielding 3.8%, and can sustain dividends and capital expenditures even if oil prices fall below $50 per barrel, showcasing robust financial resilience and attractiveness to investors.
- Enterprise Products' High Yield: Enterprise Products Partners offers a distribution yield of 5.8% and has increased its distribution for 27 consecutive years, with a strong balance sheet and 90% of long-term contracts insulated from inflation, positioning it favorably in the energy market.
- Market Volatility and Investment Opportunities: While the likelihood of rate cuts remains low due to rising inflation and a strong job market, this dynamic makes stable income investments more appealing, with high-dividend stocks like AbbVie, Chevron, and Enterprise Products becoming top picks for investors.
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- U.S.-Iran Agreement Impact: A preliminary pact between the U.S. and Iran to end a three-month conflict led to a positive market reaction, with futures indexes rising over 1%, reflecting investor optimism regarding reduced geopolitical risks.
- Crude Price Plunge: Following the news, crude prices tumbled more than 4% to their lowest since March, potentially putting pressure on energy-sensitive stocks like Delta Airlines and Norwegian Cruise, which may face stock price impacts due to these developments.
- Fed Policy Focus: Analysts caution that Brent crude prices could hover around $80 per barrel despite the resolution, as the resumption of energy flows may exacerbate consumer inflation, drawing market attention to the upcoming Federal Reserve monetary policy meeting.
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Woodside Responds to Exxon Acquisition Speculation
- 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
SpaceX Shares Rise While Energy Stocks Decline Amid Market Movements
- SpaceX Trading Performance: SpaceX shares rose 5% on their second day of trading at Nasdaq, following a 19% increase from its IPO price of $135 per share, indicating strong market confidence in its future performance.
- 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
ExxonMobil Considers Acquisition of Woodside Energy Group
- 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
U.S. Energy Shares Decline as Crude Prices Plummet
- 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
AbbVie, Chevron, and Enterprise Products' Dividend Prospects
- AbbVie's Dividend King Status: AbbVie has increased its dividend for 54 consecutive years, boasting a dividend yield exceeding 3%, with seven of its twelve blockbuster drugs generating over $2 billion annually, indicating strong growth potential that is likely to drive stock price appreciation.
- Chevron's Stable Returns: Chevron has raised its dividend for 39 years, currently yielding 3.8%, and can sustain dividends and capital expenditures even if oil prices fall below $50 per barrel, showcasing robust financial resilience and attractiveness to investors.
- Enterprise Products' High Yield: Enterprise Products Partners offers a distribution yield of 5.8% and has increased its distribution for 27 consecutive years, with a strong balance sheet and 90% of long-term contracts insulated from inflation, positioning it favorably in the energy market.
- Market Volatility and Investment Opportunities: While the likelihood of rate cuts remains low due to rising inflation and a strong job market, this dynamic makes stable income investments more appealing, with high-dividend stocks like AbbVie, Chevron, and Enterprise Products becoming top picks for investors.
See More
U.S.-Iran Preliminary Pact Boosts Futures, Crude Prices Plummet
- U.S.-Iran Agreement Impact: A preliminary pact between the U.S. and Iran to end a three-month conflict led to a positive market reaction, with futures indexes rising over 1%, reflecting investor optimism regarding reduced geopolitical risks.
- Crude Price Plunge: Following the news, crude prices tumbled more than 4% to their lowest since March, potentially putting pressure on energy-sensitive stocks like Delta Airlines and Norwegian Cruise, which may face stock price impacts due to these developments.
- Fed Policy Focus: Analysts caution that Brent crude prices could hover around $80 per barrel despite the resolution, as the resumption of energy flows may exacerbate consumer inflation, drawing market attention to the upcoming Federal Reserve monetary policy meeting.
- SpaceX IPO Performance: SpaceX shares rose 6% after debuting at $160.95 per share from an IPO price of $135, signaling relief on Wall Street and setting a positive precedent for future large IPOs, including those of OpenAI and Anthropic later this year.
See More
