3 thumbs down....Must have struck a nerve on this one....If today was any indication of what's in the cards, 50 is more likely to occur before another shot at 60.....
I'm "blaming" you because you don't know the difference between record date and ex-dividend date.
Adding to your position today may prove to have been a wise move.
The smartest thing you could do now would be to delete your misleading, uninformed message.
Hey don't fault me. I just went by Google Finance. Other sites said same thing. I own the stock so took advantage and bought more today.
told ya so. back down you go after the Sept/Oct DEADBEAT bounce.
oil is in trouble for at least a couple years and if you can't see that then you're in the same ignorant class as those who thought the real estate mess in 2008 would be short lived. it's STILL going on and STILL not fully recovered after 3 years of price recovery!
get a clue! nothing is 'quickly' fixed these days. the industries are so massive it takes forever for them to turn around disasters and iron out the wrinkles. just the way it is.
COP will go under $40 in the coming months. you'll see.
Sentiment: Strong Sell
You are clueless.
COP went ex-dividend last week on the 15th.
You are the reason why people should be required to pass a written test before they are allowed to
On the 15th the stock sold without the dividend. In order to get the dividend it had to be bought on the 14th. Because stock trades take two days to clear those who bought on the 14th and everyone already owning the stock are entitled to the dividend.
What on earth makes you think that oil will be going lower? I doubt Saudi Arabia will produce even more than its maximum just to drive the price even lower (which is already bankrupting its treasury). I don't think Russia, in the middle of an expensive military show of braggadocio, will (or even can) produce more just to drive the price lower. I doubt that the South American countries, already teetering on the brinks of default and crying for an OPEC reduction of production, will decide to produce more, just to drive the price of oil even lower. The amount able to be produced and exported by Iran isn't enough to upset any applecarts, or drive the price higher. And I seriously doubt that the US will reverse its course and suddenly open up shut-in wells or drill new ones at the current price of oil. Just what do you think will bring about lower priced oil in the current scenario of curtailing production? A complete cessation of worldwide manufacturing? Or heating? Or lighting? Or transportation of goods and people? The only thing that I can think of that will derail a rapid return to much higher oil prices (consistent with producers making profits) is malicious divine intervention. Is that what you expect? Good luck with that. Long CHK. Just my opinion, of course.
The dividend is a nice to have buddy. All of us know that the current low price is temporary. Therefore, even if COP cuts the dividends temporarily, its ok because if COP needs to cut the dividends, almost all oil companies need to do the same. Therefore, COP is still better than most of other E&P companies without the dividends, all things being equal.
If you short COP, you may go broke.....on the other hand, you will not go broke by holding the shares for the long term.