I like it. They've been selling off assets that are risky and not worth the resources. Investing inside American energy has also paid the company dividends, we see XOM and CVX have lagged behind now. So it looks like the Canadian oil sands COP has it's hands in is next to go. I've only been a shareholder for a couple years, granted I'm only 28; but it feels like COP has really started moving in the right direction with the CEO shift and split off of PSX. The future looks positive for Conoco, really feeling like I made a great choice when I was picking out my long term energy choice. I'm not going to lie, I still have most of my PSX that split, and I did buy PSXP on the IPO.
they are only selling a small part of their Canadian oil sands, i think the sale only represented 15% of their holdings and the least desirable. They still have a huge amount of property there that they are involved in.
This will give them cash to further develop those and other properties. They have made many excellent purchases very early in number of locations that are now worth many times what they paid for them. Just like the huge exploration areas they have in the GOM