#COP continues to rise as crude oil seeks to achieve a short term bottom in pricing. Oil seems to be holding 50 and oil stocks have rallied. If you are one of those that bought COP near its low of 60, congratulations. You have seen a nice return and will still be paid an excellent dividend. Applaud yourself for spotting a good value.
To those wondering if it's too late to get into this stock, just take a look at the volatility over the last few months - I'd be very surprised if you didn't get another chance to buy below 68.
Rating - short term HOLD
To those wondering if it's too late to get into this stock, just take a look at the volatility over the last few months - I'd be very surprised if you didn't get another chance to buy below 68.
Rating - short term HOLD