Exxon investors’ long-time suffering may end in the New Year. Oil and gas giant ExxonMobil (NYSE: XOM) could soon go from bleeding cash to gushing profits, with some serious upside. Bank of America Merrill Lynch has even tapped XOM as its top 2020 stock pick, arguing that the stock could surge 47% as production ramps up and growth accelerates. The energy sector has been a disaster lately as evidenced by the miserly 4.01% return by the industry’s favorite benchmark Energy Select Sector SPDR Fund (XLE) vs. 25.01% by the S&P 500 . Yet, somehow, XOM has managed to go a notch lower with a 2.16% YTD return. XOM stock has fallen out of favor with the investing universe due to the company’s high cash burn as it continues to frantically fund growth plans–not to mention its four-year long court battle in New York over climate change. Exxon has been […]