COP dividend declared dead on cnbc today. Negative $5B in cash flow and $25B in debt. Declared as serious problems
6 replies (most recent on top)
No need for proof... I heard it on CNBC as well.
True on the ego issue.
Been shorting cop since 66 dollars. Up 50% on portfolio after laid off in oct.
Planning on holding short. Negative cash flow, unplayable debt, increasing dividends... The fundamentals are not there. I hope cop continues to decay. Nothing beats the feeling of making a profit from lance's losses.
You are nuts.. You think if they were much smarter they would saved money. THey will keep paying Dividend and drive Company to the ground .. It is Ego for Oil Companies.. They can't give that up..
They feel they can do it ! Remember last time they increased by a penny !
post a link... Not finding the noted news on CNBC.
Let's see how the stock performs now. Good luck to all..