PLEASE PLEASE read the stock numbers and tell me...... i wanna invest in em and dont know....... EVERYONE please give me an honest opinion.....keep in mind they are gonna buyback $1B........ i would really appreicate if you could tell me if you were in my shoes would you invest in them????
2007-01-13 07:41:58 · 7 answers · asked by Anoop 1 in Business & Finance ➔ Investing
Conoco Phillips? no. The commiecrats are running the asylum in DC now and they want to torpedo big oils profits. The oil price a barrell dropping to near $50 is a concern too. I would wait it out a few months and let the oil prices settle first before goign back in.
2007-01-13 15:59:58 · answer #1 · answered by Anonymous · 0⤊ 0⤋
First of all...reeeelax... chill.....catch a breath..
Now, no one stock is a "sure-fire, answer-to- everything" and I would put ANY energy company at the top of a wait-and- see list.
Buyback?... no more important than BP losing a CEO, or CVX finding a new gulf pocket.....
Things could get worse before they get better...or this may be close to "as low as it goes"......if YOU are thinking long term ( and I mean years) then buy now.... but if you think you're gonna jump into big returns because of the buyback, I would advise some patience...put your money into something else...at least for a couple of months.
Good luck, hope it turns out....any way you play it.
2007-01-14 00:56:28 · answer #2 · answered by jebediabartlett 6 · 0⤊ 0⤋
Yes, but this stock may go down to $59 to $60. It all depends on the oil price.
Fundamentally, this co is in a very good shape. I do have this one in my kid's 529. But, I took profit @ $72+, and like to get back in.
You need to set a stop loss order to protect yourself(assume you are a trader)
Current COP price indicates that oil may test $50, which I think it is highly unlikely. Given that India and China(Strategic Oil Reserve with $1 Trillion in foregin reserve) may buy this unwanted heating oil due to this mild winter, I see the floor is $50/barrel.
Best luck to you, I will start $61 as my entry point
2007-01-13 21:30:04 · answer #3 · answered by TLIUALL 3 · 0⤊ 0⤋
If you think oil prices will be higher in the future, its a great way to go.
2007-01-13 21:23:37 · answer #4 · answered by nickfromct 3 · 0⤊ 0⤋
good long term, might go up in summer
2007-01-13 19:16:24 · answer #5 · answered by Anonymous · 0⤊ 0⤋
Yes, it is. Buy it and wait and see!
2007-01-13 17:34:46 · answer #6 · answered by Young and Famous 3 · 0⤊ 0⤋
i would say yes but im no entirerly sure i would research it first :)
2007-01-13 15:48:49 · answer #7 · answered by Peace Love Life :) 3 · 0⤊ 0⤋