2017 a long way in the future in this market. I am avoiding petroleum related companies until sometime 2016. That may be too late but I don't have the stomach to watch principal melt away even if the dividend is attractive.
I know COP has pledged not to cut the divvy but at some point they may not have any choice.
When oil prices recover at what point does exploration and development suffer because they've dipped into cash to cover the divvy during hard times?
Yeah, basically what the talking heads are saying. I would ask why the U.S. is in need of yet another source of tobacco, alcohol and sugar? Isn't this stuff bad for us? Maybe not providing it is sourced from Cuba. And tourism? There are dozens of Caribbean resorts already. What's so great about Cuba? (Although there are a few people I would like to send on a long vacation to Guantanamo Bay!)