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ConocoPhillips Message Board

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  • rlbeard6734 rlbeard6734 Nov 1, 2012 8:21 PM Flag

    why buy?

    I will give you my opinion on why to buy. I bought 3 yrs ago and am still holding, in that time I bought at $50 have received over $7 in dividends, $17 in PSX stock and it is still $8 over where I bought it. COP is dedicated to returning money to the stock holder at least under Mulva. They are divesting of higher risk properties located in foreign countries and concentrating on the US for nat gas and have substantial holdings in such. As nat gas prices increase so will the dividend on this stock and the stock price. It isn't a fast mover but it is steady upward. It is one I don't worry about from day to day but just keep on clipping the dividend and making money. This will be a double for me in 2 more yrs counting all distributions and stock price without a doubt

70.59+1.76(+2.56%)Oct 21 4:01 PMEDT

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