I thought I'd never see bad news about cop...but here are a couple of articles on it:
It is hard to find a suitable replacement... so since they tanked big in past couple of months I bought
O, psa-w, and vno-L
O is a high quality reit, and the other two are reit preferreds. psa-w is rated A3 by moody's and
pays 6.5% now. vno-L is rated lower but still investment grade and yields over 7% O yields over 5%
I bought COP 2 years ago. Added more after the split off.... selling it for that slop? Haha no thanks. I'm up 48% on my COP holdings and another 89% on my PSX split off. You can keep that garbage to yourself.