Why This Hedge Fund Manager Is Bullish On Exxon Mobil

Tim Seymour was recently a guest on #PreMarket Prep, a daily trading idea radio show hosted by Joel Elconin and Dennis Dick. Tune in to the daily broadcast live Monday-Friday at 8 a.m. ET here.

Hedge Fund Manager and Emerging Money Founder Tim Seymour discussed Exxon Mobil Corporation XOM with Benzinga.

Seymour felt that Brent Crude oil prices bottomed in mid-January near the $46 price and noted that the world would still consume 94 million barrels of oil in 2016.

For Exxon Mobil, Seymour noted that the company had "one of the strongest balance sheets in the world."

Exxon Mobil also does not panic, according to Seymour, during a market downturn as it had "seen multiple cycles where oil has gone though significant downtrends" and it would "clearly weather this storm."

In Seymour's view, Exxon Mobil was strong enough to exploit the market conditions to its advantage.

Exxon Mobil Corporation recently traded at $84.93, up 0.49 percent.

Listen to the show here: