Is this the end of ConocoPhillips, is it for sale?
2 replies (most recent on top)
Raising the dividend last quarter was actually a desperate measure to reassure investors in the short run... But we don't have that kind of cash and if we did, we should be reinvesting it right now. Investors aren't fooled and the reality is that we are going to have to cut that. If not this coming quarter than the next. I've heard from multiple sources that the board is already in disagreement with Ryan about what to do because he's being so stubborn about keeping it.
Could be... they sure have made huge mistakes... They have done what T Boone Pickens and Carl Ihcon Do... But to themselves!
Chop up the Company ...