if you include all dividends and the psx spinoff this has been a double for me. What say you naysayers to that. And now you can add on their huge oil finds in the GOM to further fuel this stock upwards.
I bought into this company a few years ago when they were talking about the spin off and surmised that the parts would be worth more than the whole. I kept on adding up to the spin and eventually sold a small amount of COP in my IRA and added to the PSX for a little more balance. It costs me almost nothing to make changes on line. I had also bought shares of PSX for my younger grandchildren (the older ones own XOM). After the spin I bought some PSX for the XOM holders.
It just seems to me that this industry will do well for quite a while. I also like CHV & OXY and some utilities that own pipelines, SE, OGE, OKE & MDU. SE is PSX's partner in Midstream. I know NGL's are down now but the increase in chemicals and manufacturing will support higher prices in the not to distant future. CheveronPhillips Chem is building 5 chemical plants in the US over the next few years.
An example of what cheap plastic means is highlighted in Atlantic monthly magazine a few months back. Big article on GE bringing back all of their appliance manufacturing to their Louisville plant complex. I think they said they already had 5 lines going and were also starting to even make some of the sub components again. Best example is an industrial water heater that was $1800 when made in China and took over a month form production to a US warehouse. GE totally redesigned the heater for ease of manufacturing and to update the model and it now costs $1200 and takes 30 minutes form the manufacturing line to the warehouse. In addition, a plastics parts supplier built a factory on the Indiana side of the Ohio River less than one hour away to supply the plant adding an additional 200 high paying jobs to the Louisville metro area.
add to that the huge purchase of april 62.5 options calls, the GOM, NG price strength, opening china production again, improved chances of keystone,lower taxes in Alaska , and this has some huge opportunity in the year ahead. I think we could see 70 by december conservatively.