COP too big for XOM to buy, period.
I just got back in COP since shorts offered me cheaper price.
COP too big and expensive for exxon or anyone else to buy. Usually they go after small oil companies.
How do you think those folks felt on Friday when their stock in one day fell 44%.......The company doesn't produce a product that is used by everyone, every day of the year. It is used by a select group of people who can use the service for free or pay a premium to have preferential access to professionals immediately. Linked-In's stock was well over $200 and priced for perfection. You bought COP on the theory that it was reasonably priced at $47 and that management would honor its' promise to defend the dividend at all costs. I don't know with any confidence what OIL will priced at 3,6,9 months from now. What I do recognize is that the use of oil worldwide is no less today than it was a year ago and at some point the difference between supply and demand will shrink. There are any number of geopolitical events that could cause that situation to occur sooner. If you bought over 100 shares you might consider selling out of the money calls at $45 or buying 'risk' insurance via PUTS to at least contain the damage to the bottom line until we reach a point of stabilization. I respect how you feel and stop beating yourself up....It's not going to bring your money back....
There never was "takeover chatter" of any kind. There is none now, and there won't be any later. Simply not going to happen.
Sentiment: Strong Buy
If COP sees oil recovering in 2017 then why would they sell out to Exxon at a very low price at this time. OPEC is finally starting to move on policies that could increase the value of oil over the next six months. Thank you for your comments but I do not see this company giving itself away when oil could see a turnaround in the very near future.
The chatter must have been by the uninformed. COP is not for sale, not even in your great grandkids time.
Sentiment: Strong Buy
Entire 401K balances, Entire Retail Balances, Get Loans on the House to the MAX and buy COP as soon as you can at these prices. COP CEO Moves makes COP Profitable at $28.00 OIL. Anything above that is just pure Profit... So in less then 36 months when OIL returns to $70 to $80. You'll have your entire 30 Mortgage paid off. BUY BUY BUY.. SILLY CHEAP PRICE HERE
910 shares is what I'm holding. Will hold for the long term, not going to look at the price for the next 3 years.
Maybe not. If OPEC does cut and oil goes up to $50 by midyear, COP could possibly increase share price and dividend second half of 2016. It is possible OPEC could come to their senses. Hope I am right. Time will tell.
And of course if they are wrong and this is the bottom or near bottom then when will you get in?? The joy of the stock market. I have been buying XLE, but will buy some COP today.
You know something is wrong when a man who recently predicted a bottom in oil turns around 4 days later and sells every single share of oil stock he owns. Finally, T. Boon knows something he isn't clamoring to tell like uusual. Things are really going to get bad in the oil patch. Glad I sold in the 40's but two of my mutual funds are taking a beating for hanging onto oil.
Technical stuff may not mean a lot to many people but from where I sit you need to pay attention to these events when they occur to maximize on your long term objectives.......With OIL dropping again it only DELAYS when the price will go up......
ConocoPhillips biggest problem right now is that it has a management team that has lost the trust of investors. After spending a year telling investors that its dividend was safe, the company went against its word. In doing so, it destroyed a reputation that took quite a while to build, and now will take even longer to rebuild. That could come back to haunt the company later because, not only will its own investors be reluctant to stick with the company, but it will have a hard time wooing new investors, given its tarnished reputation.