AND, today you might ask "why the buying?" Possible war in the Ukraine, Buffet says he likely will NOT be selling his energy stocks, and he supports approval of the XL pipeline. All positive for COP.
Makes perfect sense, a PE of 8 and yield of 4.2%? Buy, buy, buy, then receive dividends while the share price goes up for years. I have been stuck in dividend traps for 30 years. Pays so good that is does not feel like a trap at all.