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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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NGL > Energy Partners LP (NGL): Free Stock Analysis Report
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.