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Great flipper, easier after the fact
Yes it is.......and so - just what to make of it ?.......Might you have a target price ?
https://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=Stock&symb=cop&x=47&y=21&time=18&startdate=2%2F4%2F2020&enddate=3%2F19%2F2023&freq=9&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1&lf2=0&lf3=0&type=2&style=320&size=3&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=9
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$COP "ConocoPhillips has also repeated the Nanushuk success in the NPR-A, as the formation is the basis for its now-stalled $6 billion Willow project and several other satellite prospects in the area."
https://www.alaskajournal.com/2021-08-24/analysis-suggests-another-billion-barrel-north-slope-prospect
COP made the list for Top Gainers today
https://money.cnn.com/data/hotstocks/
88 energy halted trading. Looks as though Conoco bought them out
ANYBODY know about the results of the lawsuit hearing the other day. The one launched by enviromentalists against COPs Willow Project?
TIA
On EEENF message board, there is constant discussion about CP buying out 88 Energy. MMEX is not the one. Just need confirmation.
Huh what? You asked. LOL
$MMEX. Click on the yellow patch
What company? EEENF? 88 Energy?
Because there were rumors CP is buying out 88 Energy ($EEENF). Just need confirmation from you guys - thanks!
No - thanks tho!!
is the ticker EEENF?
Breaking News: $COP Vaccine Hopes Sent These 3 Oil Stocks Up More Than 15%: Here's Why They're Still Cheap
The world woke up to a pleasant surprise on Monday morning as pharmaceutical giant Pfizer announced positive data for its COVID-19 vaccine candidate. That news fueled a massive rally in the market, especially shares of companies most impacted by the pandemic, like oil stocks . ...
Read the whole news COP - Vaccine Hopes Sent These 3 Oil Stocks Up More Than 15%: Here's Why They're Still Cheap
Solid cash holdings, less debt than most.
Agreed.
Solid long term hold.
May load more if this sees a further dip. Think the sector will rebound later this year. Good long term hold.
ConocoPhillips May Divest Bulk of Its North Sea Oil Fields
9:44 am ET April 2, 2019 (Zacks) Print
ConocoPhillips COP is discussing with Chrysaor Holdings Ltd. to divest a bulk of its North Sea resources, according to Bloomberg.
Earlier, ConocoPhillips was trying to divest those properties to Ratcliffe’s Ineos — a multinational chemicals firm. However, the effort to conclude the $3-billion deal failed which convinced ConocoPhillips to start searching for prospective bidders since January.
The source added that Chrysaor Holdings, an oil and natural gas explorer and producer, is leading other bidders to acquire North Sea oil fields from ConocoPhillips. Investors should know that although ConocoPhillips is in talks with Chrysaor Holdings, the discussions may not lead to an agreement.
Overall, with the sale of bulk of its North Sea assets, ConocoPhillips is trying to divert focus to prolific shale plays in the United States. The company already has strong presence in Eagle Ford, Delaware basin and Bakken shale and revealed that upstream business in the shale resources was phenomenal in 2018. ConocoPhillips is also projecting more than 25% compound annual production growth rate from its operations in the three key shale plays.
Headquartered in Houston, TX,ConocoPhillips is a leading explorer and producer of oil and natural gas in the world.
The company currently carries a Zacks Rank #2 (Buy).Other prospective players in the energy space include Antero Resources Corporation AR, NGL Energy Partners LP NGL and ProPetro Holding Corp. PUMP. While Antero Resources and NGL Energy sport a Zacks Rank #1 (Strong Buy), ProPetro Holding carries a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.
Antero Resources is likely to see earnings growth of 20% over the next five years.
NGL ENERGY is likely to witness earnings growth of 227% for the fiscal year ending March 2019.
ProPetro Holding is likely to see 19.5% earnings growth through 2019.
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Can anyone please tell me where can we see institutional buying that is above and beyond just index funds. Thanks.
Haven’t heard about the connection but have heard about some similar (or same) companies doing something.
COP related.
Hello to anyone -
I own several million shares in a company who is in the process of building the only oil refinery to be built in the last 40 years. Rumor has it the COP is thinking of partnering with this company.
Any one here know anything about this??? TIA
On a positive note, the company not only has already met its goal of selling off up to $8 billion in assets, but it appears it's going to double it by the end of 2017.
The big sale was the $13.3 billion deal it made with Cenovus Energy (CVE) for several of its oil and gas properties located in Canada.
Approximately a year ago the company had a goal of selling off from $5 billion to $8 billion in assets over the next 3 years to boost shareholder value.
The purpose was to acquire $3 billion in stock and allocate most of the remaining proceeds to paying down its hefty debt load.
COP also cuts its estimate of how much it needs to spend each year to keep production flat to $3.5B from $4.5B, and the amount the company needs to spend to keep its various elements of production flat now averages less than $11/bbl.
"Conoco's progress to date is undeniable," Bloomberg's Liam Denning summarizes. "And with the oil market's horizon distinctly hazy, investors should be pleased with this new road-map."
"We can sustain our production, pay our dividend, below $40/bbl," Lance told CNBC today. "That's part of the transformation that we've been through."
After selling higher cost assets such as Canada's oil sands, COP says its resources that break even at oil prices below $40/bbl have increased by 30% from a year ago, including the cost of facilities, logistics, corporate overhead and a 10% return on investment.
ConocoPhillips (NYSE:COP) CEO Ryan Lance says his company is preparing itself to make profits even if oil prices dip to $40/bbl as part of its new three-year operating plan that targets at least a 20% cash return on capital employed by 2020.
Up 86 cents today. I like it it in the green.
Up 11 cents today. I say it will hit $50+ by end of year.
I am long on energy stocks right now. I see them as a long time project and not a just a monthly buy and give up when they don't rise fast enough. Love the dividend and am DRIPing this one into more shares.
ConocoPhillips completes sale to Cenovus, revises Q2 production guidance
ConocoPhillips (NYSE:COP) says it completed the sale of its 50% interest in the Foster Creek Christina Lake oil sands partnership and western Canada Deep Basin Gas assets to Cenovus (NYSE:CVE), saying the deal will achieve a "step-function improvement" in its balance sheet strength and the pace of its planned share repurchase program.
At closing, CVE issued 208M common shares to COP as partial payment for the C$17.7B sale, and COP now owns a 16.9% stake in CVE.
COP revises its Q2 production guidance to 1.365M-1.405M boe/day, reflecting the partial quarter impact of the sale.
ConocoPhillips ticks lower after surprise adjusted Q1 loss
ConocoPhillips (NYSE:COP) swings between large losses and small gains in premarket trading after reporting a surprise Q1 loss; shares now -0.3% premarket.
COP's Q2 net profit was $800M, or $0.62/share, compared with a net loss of $1.5B, or $1.18/share, in the year-ago quarter, but the adjusted loss was $0.02/share when excluding the gain on the sale of assets in Canada.
COP says Q1 production rose 2% Y/Y to 1.584B boe/day, and it expects Q2 production of 1.495B-1.535B boe/day, which excludes Libya and does not reflect impacts from the recently announced Canada and San Juan Basin dispositions.
ConocoPhillips could move Australia gas on proposed transcontinental line
ConocoPhillips (COP +1.1%) will consider diverting natural gas from fields in northern Australia along a proposed transcontinental pipeline that would link directly to markets in the southeast, a senior executive tells Reuters.
COP also is leaning towards developing the Barossa gas field offshore northern Australia, with a final decision due in Q1 2018, earlier than the company previously had indicated.
Kayleen Ewin, COP's VP for sustainability, communications and external affairs, says the proposed transcontinental line would open Australia's domestic market for northern producers.
ConocoPhillips says has potential buyers for LNG plant in Alaska
ConocoPhillips (COP) says it is negotiating with potential buyers for its mothballed liquefied natural gas plant at Nikiski on the Kenai Peninsula south of Anchorage.
COP put the plant up for sale in November and also recently sold the North Cook Inlet gas field which supplies gas to the plant.
The plant, which has a capacity to manufacture up to 1.5M metric tons/year of LNG, made regular shipments of LNG to Tokyo Gas and Tokyo Electric under long-term contracts until 2012, when the contracts expired.
ConocoPhillips to sell San Juan Basin assets for up to $3B
ConocoPhillips (NYSE:COP) agrees to sell its interests in the San Juan Basin in the southwestern U.S. to an affiliate of Hilcorp Energy for up to $3B.
The proceeds consist of $2.7B in cash and a contingent payment of up to $300M for a six-year term effective Jan. 1, 2018.
Including the recently announced sale of Canadian oil sands assets, COP says it is on track to more than $16B of total divestments in 2017.
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ConocoPhillips (ConocoPhillips) is an international, integrated energy company. The Company's business is organized into six segments. Exploration and Production segment primarily explores for, produces and markets crude oil, natural gas and natural gas liquids on a worldwide basis. Midstream segment gathers, processes and markets natural gas produced by ConocoPhillips and others, and fractionates and markets natural gas liquids, primarily in the United States and Trinidad. Refining and Marketing segment purchases, refines, markets and transports crude oil and petroleum products, mainly in the United States, Europe and Asia. LUKOIL Investment segment consists of its equity investment in the ordinary shares of OAO LUKOIL (LUKOIL). The Chemicals segment manufactures and markets petrochemicals and plastics on a worldwide basis. Emerging Businesses segment includes the development of new technologies and businesses outside the Company's normal scope of operations.
600 North Dairy Ashford
Houston, TX 77079
(281) 293-1000
shrrelations@melloninvestor.com
http://www.conocophillips.com/
http://www.conocophillips.com/EN/Pages/index.aspx
ConocoPhillips' Board of Directors Approves Spin-off of Phillips 66
Conocophillips (NYSE:COP)
Today : Wednesday 4 April 2012
ConocoPhillips [NYSE:COP] announced today that its board of directors has given final approval for the spin-off of its downstream businesses. The resulting upstream company will keep the ConocoPhillips name and will be led by Chairman and CEO Ryan Lance. The downstream company, led by Chairman and CEO Greg Garland, will be known as Phillips 66. Both companies will be headquartered in Houston.
The two new companies will be separated through the distribution of shares of Phillips 66 to holders of ConocoPhillips common stock. This distribution is expected to occur after market close on April 30, 2012. ConocoPhillips shareholders will receive one share of Phillips 66 common stock for every two shares of ConocoPhillips common stock held at the close of business on the record date of April 16, 2012. Fractional shares of Phillips 66 common stock will not be distributed and any fractional share of Phillips 66 common stock otherwise issuable to a ConocoPhillips shareholder will be sold in the open market on such shareholder's behalf, and such shareholder will receive a cash payment with respect to that fractional share.
Following the distribution of Phillips 66 common stock, Phillips 66 will be an independent, publicly traded company, and ConocoPhillips will retain no ownership interest. Phillips 66 has received approval for the listing of its common stock on the New York Stock Exchange under the symbol PSX.
ConocoPhillips has received a private letter ruling from the Internal Revenue Service to the effect that, based on certain facts, assumptions, representations and undertakings set forth in the ruling, for U.S. federal income tax purposes, the distribution of Phillips 66 common stock and certain related transactions generally will not be taxable to ConocoPhillips or U.S. holders of ConocoPhillips common stock, except in respect to cash received in lieu of fractional share interests, which generally will be taxable to such holders as capital gain.
No action is required by ConocoPhillips shareholders in order to receive shares of Phillips 66 common stock in the distribution, and ConocoPhillips shareholders should retain their ConocoPhillips stock certificates. Shareholders entitled to receive the distribution will receive a book-entry account statement reflecting their ownership of Phillips 66 common stock, or their brokerage account will be credited for the shares.
ConocoPhillips expects that a "when-issued" public trading market for Phillips 66 common stock will commence on or about April 12, 2012 under the symbol PSX WI and will continue through the distribution date. ConocoPhillips also anticipates that "regular way" trading of Phillips 66 common stock will begin on the first trading day following the distribution date. In anticipation of this trading, the company will issue a first-quarter interim update to provide investors with an update on the company as well as market and operating conditions experienced during the first quarter of 2012. A full first-quarter earnings announcement is scheduled for April 23, 2012.
Beginning on or about April 12, 2012, and through the distribution date, it is expected that there will be two ways to trade ConocoPhillips common stock - either with or without the right to receive shares of Phillips 66 common stock. Shareholders who sell their shares of ConocoPhillips common stock in the "regular-way" market (that is, the normal trading market on the NYSE under the symbol COP) after the record date and on or prior to the distribution date will be selling their right to receive shares of Phillips 66 common stock in connection with the distribution. It is anticipated that shares of ConocoPhillips common stock will also trade ex-distribution (that is, without the right to receive the Phillips 66 distribution) during that period under the symbol COP WI. Investors are encouraged to consult with their financial advisors regarding the specific implications of buying or selling shares of ConocoPhillips common stock on or before the distribution date.
Prior to the distribution, ConocoPhillips expects to mail an information statement to all shareholders entitled to receive the distribution of shares of Phillips 66 common stock. The information statement will describe Phillips 66, including the risks of owning Phillips 66 common stock, and other details regarding the distribution.
Upon repositioning, Phillips 66 will offer a unique approach to downstream integration, comprising segment-leading refining and marketing, midstream and chemicals businesses, while ConocoPhillips will be the industry's largest and most diverse global, pure-play, upstream company. The repositioning into two leading energy companies will help grow the value of both companies for shareholders by unlocking the potential of their assets and employees.
ConocoPhillips is an integrated energy company with interests around the world. Headquartered in Houston, the company had approximately 29,800 employees, $153 billion of assets, and $245 billion of revenues as of Dec. 31, 2011. For more information, go to www.conocophillips.com.
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WHY own COP? http://investorshub.advfn.com/boards/board.aspx?board_id=6609
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