Was thinking about buying COP at the $50.00 level until I read today they've signed a letter of intent with the government of Iraq to develop a petrochemical plant. What could possibly go wrong? Suddenly the judgement of the leadership of COP has been called into question. Is this really the best available use of investment dollars for COP?
Please accept my apology. Iguromo appears to be correct that the company which has signed the letter of intent with the Government of Iraq is actually ChevronPhillips. The original news release on this subject that I read apparently was confused as well. So sorry.
Is ChevronPhillips the company that was spun off from the COP exploration company?