Management owns 30 % of the company already. There dividend is in access of there earnings, the cash flow has gone negative, and yes, they lost theie biggest contract. Going private will give them more time to address their current issues then having to answer every 90 days to investors.
If anybody is strong sell, what is point of holding? Take your loss and move on.
OLarge positions in the Eagle Ford and Bakken
offer low-cost liquids growth while offering lower
risk and higher returns than international
OConocoPhillips sports a dividend yield unrivaled
by any other independent E&P. Prioritizing the
dividend and a large cash balance should ensure
the dividend is not cut if oil prices fall.
OA rebound in natural gas prices will benefit
ConocoPhillips, which holds a large position in U.
S. natural gas.