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benfrankledger

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benfrankledger

Re: TheFinalCD post# 561

Wednesday, 11/08/2017 9:50:49 PM

Wednesday, November 08, 2017 9:50:49 PM

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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."
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