Would it not be better for the dividend to stay at its current level and let the stock price rise? I also would not want them to be over zealous in selling of assets to reduce their debt. With a possible notion of take over,I have to be a staunch "nationalist" here and limit it to "American Only" energy companies.
COP is too big to be taken over, nor do they have assets that are attractive to other major oil companies. In my opinion, COP needs to get going with it's own exploration work and stop riding the sucesses of others.