12-12-2018, 10:58 PM
$COP is an exploration company, I believe you should keep it if you have other complimentary oil stocks such as pipelines and oil retailers or producers. The better exploration option is $EOG, but Conoco is priced better for market take-off. Their buyback program will boom the stock if you can wait it out. OPEC recently agreed to reduce oil production, but not a huge amount, just enough to acknowledge overproduction levels.
Sell a couple shares if you need free cash flow, but I still favor the stock. Current price is just market sentiment on oil, it will rebound for sure. Check out this stock review when stock was at $78: https://youtu.be/ldu9Up2eml0
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Sell a couple shares if you need free cash flow, but I still favor the stock. Current price is just market sentiment on oil, it will rebound for sure. Check out this stock review when stock was at $78: https://youtu.be/ldu9Up2eml0
Sent from my SM-G950U1 using Tapatalk