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  • dshaper Jun 7, 2012 2:03 PM Flag

    Definitive Answer on Cost Basis for COP/PSX

    The PSX cost/share needs to be multiplied by 2 to counteract the 2:1 split, depending upon how you're tracking things. Otherwise, you will appear to have a greater gain than you actually have.

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    • 1) I and others have repeated the 2:1 issue when dealing in price numerous times over a month ago. (In fact even before teh spin happened.)

      2) If you will note, in my post you responded to never did I deal in share price it was all referring to a value basis. As such the 1/2 factor is already included. Though I will say that for all my lots, I have calculated a per share adjusted cost basis and that is much more practicable to use XX years from now.

    • Come on people this answer has been posted so many times it is getting old. If you haven't seen it, you don't care.

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