conoco philips is one of the largest major integrated oil companies. it's actually announced it will be divesting itself into an exploration and production company along with a refining business. it's been attempting to monetize assets over the last couple of years, that it acquired that had give ten a high debt burden it will become more profitable and pays over 3.5% dividend yield. >> let's wrap up by talking about gold. we reported earlier that gold prices hit a new record high. you're saying that gold is still a good place to be and recommended the gld. can investors still make money with gold at this high price? >> we think so. we're still long gold. we've been long gold for a 23478 of years at this junk ture but the point that we believe will continue to put a bid under gold prices and ultimately lead it to a mania candidate status which at this juncture we don't believe it's yet found was the fact that we will continue to deal way high level of fiscal and financial uncertainty even as the august 2nd date passes and hopefully we have a resolution