Have upped their dividend yield which makes it the highest dividend yield in the large cap in the E & P sector. Sold off some of its non-core properties. Should grow at 7/8%. Also likes Devon (DVN-N) which would be a little stronger performer.
All of these types of stocks have gotten trashed lately, particularly with the spill/leak in the Gulf. A global player that does very sophisticated things. There will be a positive snap back in all of these stocks.
Tremendously high profile in the US and has held up relatively better than our Canadian oil stocks. Good properties and good reserve life. Good price. Really a question of what you think is going to happen on commodity prices.
Your Watchlist
Add stocks to watchlist to monitor them daily and get important alerts.