ConocoPhillips: A Cautionary Tale from the Oil Patch
ConocoPhillips (COP) announced Q4 and full year 2015 financial results on the morning of February 4, 2016. The news included a capitulation to the on-going deterioration of business conditions in the oil patch: COP slashed its dividend by two-thirds: “ConocoPhillips (NYSE: COP) today announced it is taking actions to maintain its strong balance sheet in … Read more