This chart is ugly and resembles the chart of oil - though not as bad. What will the earnings of the big oil companies be now with the price of crude dropping to levels not seen in over 5 years? Can they survive the hit to the bottom line? The answer is of course *YES* - the big multinationals have impregnable balance sheets and can weather this storm. COP is a buy at these levels IMO.
The stock offers a 4.4% yield at current levels - an incredible dividend. The swoon in oil isn't permanent - this is still a finite resource - look to buy this name on weakness - as in any time now.
The stock offers a 4.4% yield at current levels - an incredible dividend. The swoon in oil isn't permanent - this is still a finite resource - look to buy this name on weakness - as in any time now.