With current oil prices north of $93/bbl it is hard to see how COP doesn't make a pile of money. NG is now north of $3.40. These are very bullish.
Very true - COP will make a pile of money. But will you make any money investing in COP at $60/sh? You'll collect a good dividend but me thinks limited potential for price growth due to stable to falling outlook for crude and NG prices.
Yes, I think you can still make money with a purchase price of $60. I'd put fair value at $72/share, but I honestly wouldn't hold it that long. I'd dump and run at $66.
look at the 2 yr chart and tell me that again I have heard it for a long time and it has almost doubled for me in last 2.5 yrs including the psx spinoff