will be the clean fuel of the future for the United State's. We are the "Sauadi Arabia" of the world in natural gas production. Conoco Phillip's is committed to being a global leader in liquefied natural gas(LNG). I have for a long time held a few share's in COP, PSX(the spinnoff) is up nicely( Phillips66 and refining, when was the last time America built a refinery). Kudo's to management for making the right decision's. I made a new trade today to purchase more shares of COP. One of my main indicator's is from yahoo finance. Shares short declined in July to 27.6m from 29.85 the previous month.At a current 5% dividend yield,the payout dividend ratio is still only 29%.Safe government 10 year bond's only yield around 1.6%. COP, in my thought's, has an added feature of down the road, inflation protection. With this summer's record warm weather,and the hurricane season in just the early stage(warm water temperature's generally produce stronger storms). I hope not,but it is better to be prepared. Natural Gas prices would go up if a hurricane enter's the central or western Gulf of Mexico.
When they did that,natural gas prices were in serious declining mode. I think that most American's would prefer clean natural gas, VS dirty coal that destroy's our environment, and makes fishing of our fresh water lakes(toxic mercury)somewhat unhealthy. The only fish i eat is Alasken wild salmond. Black lung disease is a serious problem for American coal miner's. There is a reason that coal mining stock's are near new low's.