Just looked, THAT'S A P/E OF 28 (TWENTY EIGHT) ! Q1 2015 est is .74 SEVENTY FOUR CENTS down from $1.81 This is a trainwreck
Dollar bounced but so did oil. Greece should dictate Dollar resumes uptrend, and oil falls. Greek bank runs, and even capital controls in Swiss all "should" mean $USD higher, plus refinery strike means BACKUP of crude to Cushing and another big inventory, as rig count not down that much and supply still climbing.
The #$%$ frackers don't give a rat's #$%$ about the nation's aquifers and OUR drinking water. They've already illegally destroyed some here in California. NY has the common sense to BAN it. More will as chemical injections of carcinogens back into the earth find their way to a well near you. The issue of water supply is a whole other nightmare. Keep drinking the industry's koolaid, like all the other corruption in the USA.
COP is having a deadcat bounce, the p/e is is now about 18 (EIGHTEEN)! WHO THE F IS BUYING AN OIL CO WITH DECLINING EARNINGS AT P/E 18? answer: the company buyback, buying earnings and rewarding executives, greatest con-game in recent market history.
cut exploration to pay exorbitant dividend and do buybacks, great strategy! This is now radioactive.
falling HATCHET (lose entire hand) Give thanks this holiday season to Motley Fool pumping this turd, joke's on you. hahahaaaa
So many foolarses here I lost count /unless 5% yield you are in pain every open price, dumbarses abound!
COP to 60 then 57.50 is support most likely, oil always goes up on Fri and dumps on Mon-Tues after Ukraine didn't blow up on weekend. It's s-covering is all.
OPEC's general secretary Abdalla El-Badri said oil prices could reach $200 a barrel if there's a lack of investment following this price slump.
*OPEC'S EL-BADRI HOPES OIL MKT WILL RECOVER IN `REASONABLE TIME'
*OPEC OPEN TO DISCUSSIONS WITH NON-OPEC TO BALANCE MKT: EL-BADRI
*OPEC TO RESUME SWING-PRODUCER ROLE EVENTUALLY: EL-BADRI
*EL-BADRI SEES SOME OPEC UPSTREAM PROJECTS CANCELED
I sold some at 78 and some at 74, I only had 300 shares. I fear analists downgrades and anyone thinking it's a p/e of 8 is wrong, dead wrong b/c nobody knows what the "E" is now.
My guess is the big institutions that own COP are PAINTING THE TAPE for end of year holdings, and they are in bed with analists told/agreed not to downgrade b4 end of year. S&P said a prolonged (3 yrs) low oil price would put pressure on the out-sized (+1% more) dividend relative to the industry. If you think the dividend is safe why not buy BP with both hands? It's even higher.
Iran saying $25 oil is no problem is beyond laughable too! It's all propaganda hype to send message to US that sanctions don't bother us, we're prepared for $25 oil, blah blah, yet CNBS runs their mouths with it.
We cut our '15 EPS estimate by $4.07 to $1.21
so big boyz can liquidate to retail . CLASSIC.