RE:This stock is in the fight of its lifeIt is very much a risk/reward question. I have substantially reduced my COS holdings as it has become more risky in my estimation. This stock has gone from a dividend stalwart to a speculative growth stock. I am stil amazed how we (the industry) went from 100 dollar oil with the likes of Jeff Rubin and even Goldman Sachs predicting 200 dollar oil to 60 dollar oil and folks saying the "glut" will be with us for some time. And now, something like a war in Saudi Arabia would completely change the landscape. I don't see owning COS so much a stand alone question. I sold a lot of my COS shares (at a loss) to rebalance my portfolio. Circumstances had created a stituation where I had too many risky stocks. I am rebalanced and am hopeful what shares I have left of COS will see 15 or 16 again. But if it goes to 0 I am not sunk. What COS has going for it, that many tend to forget as they look at the day to day price fluctuation, is the 50 years of oil in the ground situated in a country that does not have a bunch of religious fundamentalists running around with guns. How much that is ultimately worth is anyone's guess. But as another poster said on this site, as long as North America keeps buying Middle East oil we are funding both sides of the war on terror.