Thank YouFrom the bottom of my heart for the seller who sold me the shares in the $10s.
OPEC said oil demand will raise the oil price to $80 by yr end.
Those $10 shares are going to look great at $25.AT $80 oil COS is a cash machine and its share holders will push management to move back to a normal dividend pay out ratio.On todays price the return will be 20% per year.
Ever hear of Warren Buffett on compounding dividends?He got rich buying $100 stocks for $50 and letting the dividend compound to a 100 times the price he paid for the shares in the first place.
I doubt Warren is buying COS but it fits his motive.
Less than 1/3rd of it intrinsic value.
Log life reserves.
Increasind dividend leverd to oil.
And once loved by the market now hated but about to be loved again.