COP down Why??

Discussion in 'Stocks' started by Kramer_Hedge_LA, Aug 1, 2007.

  1. WHy is Conoco being sold off today when oil prices hit a record high???
  2. Daal


    I would like to know how on earth can COP by consistently reporting lower earnings while just about every other oil company are basically printing money
  3. Refinery margins have been falling.
  4. This is what happened : In March oil took a breather and ConocoPhilips looked like a good bet in 4 Months the stk scooted up 32%!! Nice what happened after that is some guy on CNBC who's a big idiot with frenzied over educated wannabe followers got on and said that after the big move it was a good time to buy because " $80 stocks can go to $100. " Good reasoning. Except that stocks that are $80 can also go to $70 too >where it's headed. ~ stoney