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Re: vpagano post# 30

Friday, 07/13/2012 2:19:59 PM

Friday, July 13, 2012 2:19:59 PM

Post# of 204
Validation!

As soon as the spinoff was announced, I immediately wondered which stake would increase over time. My expectation was that future money would go into PSX. I also envisioned a decrease in COP if total funds invested were purely reallocated.

COP has to allocate capital to find more oil and gas. PSX is more of a "toll bridge".

"Someone said it takes 30 years to be an instant success" - Gabriel Barbier-Mueller, CEO of Harwood International

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