I remember the PSX and MPC spinoff when the analyst saying they wouldn't do well because of the high price of crude at the time. Well I still kick myself for selling MPC at $36 on the friday before the Memorial Day weekend. I've been trying to figure if the price of oil will increase and benefit COP.
There is alot of cheaper oil being produced in country and comming down from Canada, but oil around the world is expensive and hard to find. Appreciate any thoughts