jpmatula

Net debt is $68B... all this extra cash flow will keep dropping the debt even more

Nope...I don't see how COP could possibly raise its dividend. I suspect it will be very conservative in raising dividends, given the unwise dividend raise in 2015, only to have to cut it within months. I'm trapped in COP. I don't get the current yield, even, because of my high cost basis. Still, it will go back up sooner or later, and when it does, it will rise a lot.

Historically, democracies are always destroyed by their own citizens stupidity and greed. Glad to see California is holding up the benchmark for stupidity.

"All the monkeys aren't in the zoo, every day I meet quite a few."

A truism relearned today on SA!

We must prosecute this to the fullest extent possible. We must never allow facts or plausible alternatives to get in the way of ideology.

I normally post a year to date spreadsheet in my article. The pricing data becomes stale in a hurry in this environment. So I will be updating pricing twice per week while this article is fresh in my Seeking Alpha blog. The link to the 10-30-15 data is https://seekingalpha.co...

The other thing you point out with Exxon's dilemma is their use of FCF + debt for share buybacks. This instead of productive investment optimization. Another "cardinal sin" as Taylor above puts it. And a lot of dividend-paying blue chip corporate America has been doing the same thing while their top lines peter out. Short-sighted quarterly stock price management will be, and is, taking its toll.

where were the analysts before the fiasco.

Buying more at the open tomorrow! 30-year time horizon here folks. I'm planting seeds that will eventually provide my children and grandchildren with a great life

Bullish myself as it continues to go lower. For long term, this couldn't be a better time to slowly build a position.