The Motley Fool Discussion Boards
Stocks C / Conoco-Phillips
|Subject: Re: Wulff Update||Date: 12/1/2012 12:41 AM|
|Author: PHOINIX20||Number: 576 of 668|
I think that one of the reasons that COP is selling
certain assets is perhaps to reduce debt and make the
stock more attractive. We'll see!
I have own Phillips, since 1985. I bought it the very
day Boone Pickens, made a foray for the company and bought
more on...Black Monday...:) So I have what I have which
I think is enough for me. Would I buy more??? That would
depend on my cash position and the market in general.
And I also hold some XOM, which I consider to be
a Bond Surrogate and have it for years.
I think that all three companies that you mentioned
are good. Oil, is going to be with us for a long time,
30 years down the road at least. Long after I am gone.
If I was younger and had cash I would buy three or four
more oil companies....
The Eternal Bird
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