ConocoPhillips Stock After The Dividend Cut

Right after ConocoPhillips announced a 66% dividend cut in February 2016, a user with the name “nylitigator” offered this very reasonable sounding comment in response to the suggestion that Conoco was a buy:

“I don’t understand what is attractive about COP after the dividend cut. COP is down 45% or so over the last year (and I understand that one year with any energy company is way too short of a time), but COP is down 27% over the last three years and down about 15% over the last five years (I believe this takes into account the dividends received).

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