A 4% yield is coming soon. COP and other Energy stocks are selling off as the Global Economies are slowing down so there is less demand for commodities like Energy, Copper, Gold, and other materials. It also doesn't help when the ECB is trying to drive their Euro Currency lower. This is causing the US Dollar to get really strong causing commodity prices to go even lower. We also have a large supply of Oil inventory building up as we find more and more oil everyday.
Expect energy stocks to continue to be weak. Stick with the larger dividend paying energy stocks like COP as they typically have the financial strength to survive this temporary drop in oil prices. COP Should have decent support at the 200-day moving average which is about $75.30. We think COP could move slightly below that to about $73.50, but view COP as a buying opportunity between the $73.50 to $75.30 level. At $73.50, COP will be yielding about 4.00%
I bet it was your ancestors that burned " witches " in Salem ! Weather changes have always ran on differing cycles, yes even before man kind started using fossil fuels.
If you want to do your part, plant a tree !