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Conoco Philips (COP)

PostPosted: Wed Jul 23, 2008 8:54 pm
by kennynah
huat tat loh...


ConocoPhillips Q2 profit, revenues surge - Quick Facts
7/23/2008 8:46 AM ET

(RTTNews) - ConocoPhillips (COP: News, Chart, Quote ) reported second quarter net income of $5.44 billion or $3.50 per share, compared to $301 million or $0.18 per share in the prior year quarter. Second-quarter 2007 earnings adjusted for the Venezuela impairment were $4.81 billion or $2.90 per share. Exploration and Production net income for the latest quarter was $3.999 billion.

Analysts polled by First Call/Thomson Financial expected the company to report earnings for the quarter of $3.40 per share.

Revenues for the quarter rose significantly to $71.4 billion from $47.4 billion in the same period last year.

Looking ahead to the third quarter, the company anticipates E&P segment production to be similar to the second quarter. Full-year 2008 production is expected to be be consistent with its operating plan.

The company anticipates share repurchases to be between $2 billion and $3 billion for the third quarter, which is in line with its $10 billion authorized share repurchase program for 2008.

Re: Conoco Philips (COP)

PostPosted: Wed Nov 19, 2008 8:29 am
by winston

Score a small victory for Big Oil...

Last week, Warren Buffett revealed that his holding company Berkshire Hathaway just massively increased its stake in ConocoPhillips (COP).

COP is the third-largest oil company in America. It's a giant collection of oil, natural gas, and refining assets all over the world. By any valuation metric, the stock is trading for peanuts. Due to the widespread fear in the market right now, COP trades for under three times cash flow and 75% of book value. That's why the world's greatest investor just bought over 20 million shares in the third quarter.

How low can oil sink? Nobody knows for sure... $20 or $30 per barrel is possible. But as our colleague Porter Stansberry reminded us last Thursday, only when folks are scared to death of the stock market do world-class companies like COP trade for such low valuations. And it's only when folks are scared to death that the world's greatest investor buys 20 million shares at a time.

Re: Conoco Philips (COP)

PostPosted: Tue Oct 20, 2009 8:04 pm
by winston

Today, we look at one of the safest ways to play the new strength in crude oil. We take a stock tip from the world's best investor, Warren Buffett.

Several years ago, Buffett made waves with his purchase of ConocoPhillips (COP), one of the world's largest diversified energy companies. Buffett rarely buys shares in commodity-producing businesses... They simply don't have the stability and pricing power Coca-Cola or Procter & Gamble have. He just thought COP was safe and cheap.

Like all energy stocks, COP suffered a huge fall in late 2008. This was when investors were selling everything and the kitchen sink in order to raise cash. COP struck a bottom around $35 per share in March and drifted around $45 this summer. Just this month, it broke out to $50.

Despite the recent gains, COP is still cheap. Shares go for around five times cash flow and offer a 3.8% dividend yield... which is why Buffett owns more than 64 million shares of the company. If you're looking to safely get long oil, this is one of the best "guru approved" vehicles around.

Source: Daily Wealth

Re: Conoco Philips (COP)

PostPosted: Wed Oct 26, 2011 8:02 pm
by kennynah

2.52 vs 1.50 last year

Re: Conoco Philips (COP)

PostPosted: Wed May 20, 2015 8:36 pm
by winston

ConocoPhillips: The Best of Both Worlds

By Ben Levisohn

Yesterday, the folks at Goldman Sachs recommended buying ExxonMobil (XOM) and selling Chevron (CVX).

Today Deutsche Bank’s Ryan Todd and Igor Grinman offer a third choice: Buying ConocoPhillips (COP), which has both growth and a growing dividend:

Post two days of ConocoPhillips management meetings, the differentiated strategy remains readily apparent. While other large IOCs may pay a meaningful dividend, few offer visibility on growth, and none with the same balance of advantaged short-cycle resource.

While the collapse in oil has forced near-term trade-offs, we remain convinced on ConocoPhillips’ differentiated combination of shareholder returns and long-term growth visibility.

A dramatic swing in major project cash flow into 2016, and capital flexibility with an increasing focus on advantaged, high quality onshore resource will continue to support moderate, growth with a compelling dividend, across a variety of COMMODITY decks. Buy.

Source: Barron's

Re: Conoco Philips (COP)

PostPosted: Sun Dec 13, 2015 9:14 am
by winston
Stocks to Sell: ConocoPhillips (COP)

There are two things to say in ConocoPhillips’ (COP) favor.

First, it holds a lot of natural gas, which is certainly a better commodity to manage than oil right now, although not by much.

Second, its energy operations in the U.S. are basically in long-established fields in Alaska. That means it isn’t pumping to finance operations like some of the E&P going on in newer shale fields in the Lower 48.

But that said, it’s still primarily an internationally exposed upstream firm. And that is a bad sector to be in, no matter what your size.

Yes, COP has an attractive 6.2% dividend, but when the stock is off 30% year-to-date, that 6% doesn’t really take the sting out of that bite.

Source: Investor place

Re: Conoco Philips (COP)

PostPosted: Thu Mar 10, 2016 11:24 am
by winston
ConocoPhillips (COP) Stock: Hit the Brakes!

COP stock offers traders an opportunity on the short side

By Serge Berger

Source: The Steady Trader ... uDog5x96M8

Re: Conoco Philips (COP)

PostPosted: Sun Nov 18, 2018 9:00 am
by winston
3 Pros, Cons of ConocoPhillips Stock

There are two sides to every coin, but one shines brighter for COP stock


1. Natural Gas Prices Are Rallying. COP gets about 40% of its revenue from natural gas, and another 20% from natural gas liquids (NGLs) and bitumen.

2. U.S. Energy Exports Help Margins.

Source: Growth Investor ... h=nonbuyer