While COP is a reasonably safe stock to trade as it seems to follow some set patterns without rapid swings, as an investment, it's only redeeming feature is the dividend. I first started buying COP about 6 years ago for $54. Here it is, back at $54. Without the dividend, it would have been a waste of $ sitting idle with risk. Fortunately I sell covered calls against what I own so that with the divy makes a mediocore return.
Why would I cry? I've been trading and investing in COP for about 6-7 years and have always made money on it. I did get out in the $80 with a $30 profit and bought back at $49.75 a year ago, sold the 2010 50 SP call leaps against them for $976, then rolled over to the 2011 $55 LEAPS for $575 .BUT, if you were a buy and hold person only all you'd have to show for your 6 year investment is the divy.
You must have missed the 90s, and the 100 PERCENT profit your smart investment woulda made ya. Unless you're a pig. and if you're in alaska really, well there's more people in my building than in your state. so whaddya need money for anyway ? sleeping pills ?