Take five minutes and research it.
Sentiment: Strong Buy
Up 1.92% on the day. Amazing what a BIG find in the GOM does for an oil stock.
Sentiment: Strong Buy
$.16/share, just as expected.
Sentiment: Buy
Think about what you just said. COP is far richer now because we bought it. Do you really think the write off made us poorer?You don't understand corporate accounting do you?
Sentiment: Strong Buy
I could care less whether you own the stock or believe what I say. I'm only trying to give some guidance on the misunderstood BR purchase. The BR purchase has changed the direction of COP forever
You are embarrassing yourself for how little you know about the acquisition. Very few understand the economics of it. The BR purchase has indeed changed the future of COP. If you think COP did not understand the value of the vast and superb acreages brought to the table you are wrong. So many understand so little what BR added to COP. Stick around and watch it be THE legacy project of COP's future.
Sentiment: Strong Buy
You have not a clue as to what you are talking about. It is a total myth that COP "bought at the top." The purchase economics were based on a far lesser ng price. BOTH companies realized the SPOT price was at only a short term bubble. The incredible value of BR was in its raw acreages it had acquired. Think about WHY COP has sold much of its foreign holdings in order to focus on safer lucrative domestic production ( crude, liquids, ng). It is primarily due to the BR properties. BR is THE legacy asset of COP. How do I know this? I was there during the acquisition. Do so looking into the basics of the purchase and you will realize the true value of BR to COP.
Sentiment: Strong Buy