Your math is correct but I don't think we fall that far. What COP investors need to ask themselves is how much premium are you willing to risk against a future recovery of oil prices. And more important how long are you willing to wait. The longer the wait the bigger the risk of a dividend cut.
I know exactly what you mean about real estate people, Manuel. Here's my favorite quote: "God's not making any more real estate! Haw, haw, haw!" (When said it is always accompanied by a knowing wink of the eye.
the energy market and the securities markets can be manipulated so easily by a few computer programmers. I'm feeling so generous right now, I think I'll write a really fat check and send it to the Castro brothers because they deserve it.
Still some way to go to get back to 2012-2013 highs. Div hike is always welcome but it will take more than that. What if Republicans start to dismantle O'Bammacare? Or at least go back and clean it up a little. A friend's son just had his health insurance policy cancelled effective Jan. 1. And a new policy will cost a lot more. The poor kid can't find a full time job so his family has been helping him with the premiums.