ConocoPhillips (COP)

[eFinanceMarkets]

ConocoPhillips +6.5% as divestiture seen as big win for shareholders
ConocoPhillips (COP +6.4%) is the top gainer on the S&P 500 in early trading amid widespread praise for the sale of its 50% interest in the FCCL partnership with Cenovus Energy (CVE -10.6%), as it allows for debt reduction and share buybacks.
Cowen analyst Charles Robertson says some investors were skeptical of COP's plan announced in November to sell $3B-$5B in assets and buy back $3B worth of stock, but the "unexpected big deal" with CVE accomplished the plan in less than a year.
UBS upgrades shares to Buy from Neutral with a $55 price target, up from $51, saying COP is divesting a “low growth, low margin asset that will enable it to immediately reduce its debt load by ~$7B," and the deal improves COP’s production mix with lower margin bitumen dropping to 5% from 15% as higher margin oil increases to 40% from 35%.
Evercore ISI says the deal creates “significant value," and appears accretive to return on equity, earnings and cash margins; analyst Doug Terreson says COP management is leading Big Oil and the E&P industry on positive, shareholder oriented change.

[Prudent Capitalist]

Negative Blue Leader!! COP going up hard.

[tiger1966]

No more hope for this baby ..going down hard ..

[fuzzy]

Feb 2 (Reuters) - ConocoPhillips, the largest U.S. independent oil producer, reported a smaller-than-expected loss, helped by higher oil prices and lower costs.
The company's total realized price was $32.93 per barrel of oil equivalent (BOE), 15.4 percent higher a year ago, it said on Thursday.
The Houston-based company's operating costs were down 21.5 percent in the fourth quarter.
Excluding Libya, production was marginally down at 1.59 million barrels of oil equivalent per day.
ConocoPhillips said its production in the first quarter of 2017 would be between 1.54 million-1.58 million barrels of oil equivalent per day.
The company's net loss narrowed to $35 million, or 3 cents per share, in the quarter, from $3.45 billion, or $2.78 per share.
The year-ago quarter included a $2.74 billion charge, while the latest quarter included a gain of $52 million.

[radar72]

Just bought a couple hundred more shares.

[radar72]

Nice comeback today. I'm going to be buying more COP over the next week or so averaging in.

[radar72]

Looks like we could have a new leg up to $50 here. We'll see.

[Pocket9s]

COP UNSTOPPABLE$

[radar72]

Good stuff. Yeah, EVERYONE is assuming oil is stuck in the $40-$50 range for the foreseeable future...which means that is exactly NOT what is going to happen. My money is on a pretty quick jump up to the $60's or $70's before we know it.

[ernie44]

hidden tiger --bouncing Lions

Crude oil for October delivery settled $2.12 higher at $47.62 per barrel after the Energy Information Agency today reported the largest drop in U.S. inventories since 1999.

[TigerCloud]

Love my 31s :)

[radar72]

COP hanging in there OK today so far around $40. I'm hoping that $41 is the bottom for oil on this drop and will start heading back up soon. We'll see...

[radar72]

Bought some more at $40.05....

[radar72]

Just bought back into COP here at $40.20's. Could get interesting.

[CTDT AS]

Glad I got in again at 32$

[CTDT AS]

COP great news yesterday

[slazenger7]

The Oil Glut Is Over, Says World’s Most Powerful Oil Man

http://oilprice.com/Energy/Energy-General/The-Oil-Glut-Is-Over-Says-Worlds-Most-Powerful-Oil-Man.html

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[slazenger7]

$60 in 6 months? Could be.

[slazenger7]

Oil may hit $60 by summer: UAE economy minister
Published May 31st, 2016 - 06:00 GMT via SyndiGate.info


http://www.albawaba.com/business/oil-may-hit-60-summer-uae-economy-minister-846398

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[slazenger7]

Latest ConocoPhillips (NYSE:COP) Target Price Suggests Stock Is Worth $49.38/Share

http://istreetwire.com/2016/05/31/latest-conocophillips-nysecop-target-price-suggests-stock-is-worth-49-38share/

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[slazenger7]

When oil hits $50.00, COP will follow close behind.

[slazenger7]

Crude Oil Price Charts -


https://www.dailyfx.com/crude-oil

Brent Crude

http://data.cnbc.com/quotes/%40LCO.1

Crude Oil - Electronic

http://www.marketwatch.com/investing/future/crude%20oil%20-%20electronic

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[CTDT AS]

Gm all cop

[DocLevi]

Yes, but the URL link for article showed US-Russia-OPEC ... thus... why I mentioned US.

[slazenger7]

Doesn't matter if there is or isn't a freeze in the U.S. The U.S. is not a part of OPEC and it is the OPEC members deciding as a group that can control the price of Oil, not the U.S. Currently, OPEC has twelve members, namely: Algeria, Angola, Ecuador, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, United Arab Emirates and Venezuela.

[DocLevi]

Just found and posted in Oil... board but since this was reply'ed to today I thought I'd go ahead and post it here as a possible no way to enforce oil production freeze in the US... Or in otherwords how can their be due process of the law if the courts don't hear cases because Congress didn't give them coverage (no standing nonsense). Again, AKA, the Taft act (not the Constitution, forcing lower court decisions first, which is not in the Constitution as the Sup. Crt. rules over treason and ambassadors (which a President/VP would be ambassadors {so they should take cases straight to the Sup. Crt. - and thus so should candidates for President be able to settle immediately too as Bush vs. Gore wanted to but went to lower courts first because as I have experience the Sup. Crt. clerks don't let it get to the Sup. Crt. Justices if rules aren't followed).

[Once they tried to enforce a freeze on oil production in Texas by going into Martial Law, (Texas Gov. Sterling vs. Constantin). But also Obamacare seizing guns should be worthless as in Texas vs. Sparks.

http://www.sll.texas.gov/assets/pdf/braden/07-article-i.pdf
"....In State v. Sparks (27 Tex. 627 (1864)), several persons arrested by the Confederate military authorities came into the hands of a sheriff on habeas corpus proceedings. While these proceedings were in progress the military forces again seized control of the prisoners. The supreme court vigorously asserted civil judicial supremacy without specifically citing the constitutional guarantee then in force. It referred to the offending general as a criminal in contempt of court but because of the military situation, the court contented itself with levying fines on the general and his military subordinate and sending a protest along with a statement of the proceedings to the governor. "It is the civil government alone that stands for the state,'.' said the court, "and the military is only an instrument that it uses as its judgment requires" (p. 633).
If and only if the civil authority ceases to operate-that is, the courts are closed-can the military authorities assume control and govern through martial law (Ex parte Milligan, 71 U.S. (4 Wall.) 2 (1866)). Consider the famous case of Sterling v. Constantin involving an attempt by Governor Ross Sterling to use martial law to enforce curtailment of oil production in Texas. The United States Supreme Court upheld the oil producers' claims that their property was being taken without due process of law. Governor Sterling's attempt to insulate regulation of oil production by a declaration of martial law was unsuccessful. "What are the allowable limits of military discretion, and whether or not they have been overstepped in a particular case, are judicial questions" (287 U.S. 378, 401 (1932)). Thus, "civil authority" includes the judiciary; the governor, when he exercises his military power, in effect ceases to be the civil authority to which the military is subordinate...."
]

[DocLevi]

That'll never work long term as there are so many people out to bend the spirit of the deal to make themselves rich over that its unlikely to matter. They could just start shell production in many other countries that they were looking to do a year plus ago (as they may have already started)... so, for example, Veit Nam (example again like if it was one of those Asian ones an article was writing about) develops an eagleford like find, they are not in any curb production deal and all it would do is dump on the developed countries oil markets.

The deal needs to include shunning oil from new sources until oil is above 80 (and I am sill pissed that Canadian oil sands needed $85/bbl to profit so why are they wanting a oil pipeline and still dumping on US markets?) Insane lies or insane business practices... probably just Pickens et al trying to lessen their loss because they all believe this low price is all temporary as oil is redistributing supply shipments... I guess... sigh!

[radar72]

Just saw your message. That is hilarious. Really a great idea. LOL

[slazenger7]

ConocoPhillips (COP): The Right Investment Option

http://www.thecountrycaller.com/41572-conocophillips-cop-the-right-investment-option/

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[slazenger7]

Oil prices on a tear on strong economic news
Brent rallies above $40 per barrel in one of the strongest opens so far this year.

http://www.upi.com/Business_News/Energy-Industry/2016/04/08/Oil-prices-on-a-tear-on-strong-economic-news/5081460122738/

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[slazenger7]

Oil rises on firm US and German growth but traders warn of ongoing glut

http://www.cnbc.com/2016/04/07/oil-prices-rise-on-firm-us-german-growth-but-traders-warn-of-ongoing-crude-glut.html

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[slazenger7]

Exclusive: Russia sees oil price of $45-$50 per barrel 'acceptable' as it prepares for freeze deal - sources

http://www.reuters.com/article/us-russia-opec-freeze-idUSKCN0X30M0

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[slazenger7]

Oil prices jump on hopes producers will agree output freeze

http://uk.reuters.com/article/uk-global-oil-idUKKCN0X302S

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[slazenger7]

UPDATE 2-Signs point to deal on oil output-Kuwait OPEC official, sources

Tue Apr 5, 2016 6:42pm IST

* OPEC, non-OPEC producers to meet on April 17 in Doha

* "The freeze will be done," OPEC delegate says

* Kuwait official sees higher average prices in second half (Adds quote, more source comments, details)

By Ahmed Hagagy

KUWAIT, April 5 (Reuters) - All signs suggest a meeting of oil-producing countries on April 17 will deliver an agreement to freeze output, Kuwait's OPEC governor and two sources said, suggesting Iran's aim to raise supply will not scupper a deal aimed at supporting prices.

The Kuwaiti governor, Nawal Al-Fuzaia, also said in a speech at the country's oil ministry that she expected the oil market to achieve a balance between supply and demand in the second half of this year, leading to higher average prices.

"There are positive indications an agreement will be reached during this meeting ... an initial agreement on freezing production," she said. The OPEC governor is usually a country's No. 2 OPEC official, after the oil minister.

Two other sources familiar with the issue said the inititive remained on track, even though comments by Saudi Arabia's deputy crown prince in an interview with Bloomberg last week had dampened hopes of an accord.

"Yes, there will be a deal," said one of the sources, an OPEC delegate from outside the Gulf. "The freeze will be done."

A Gulf oil source said he was confident of achieving a deal at the meeting, to be held in Doha, the capital of Qatar.

An initial output freeze agreed in February has helped oil prices rise to almost $38 a barrel from a 12-year low close to $27 in January. Still, prices have fallen in recent days on doubts that a wider deal will be reached.

It could go higher by the latter part of the year. The Brent crude price is expected to average between $45 and $60 in the second half of 2016 and until 2018, the Kuwaiti governor said.

Fuzaia did not elaborate on what signs pointed to an agreement in Doha, but said producers might agree to freeze their output at February levels, or at an average of January and February levels.

The original proposal in February by Saudi Arabia, Qatar and Venezuela - members of the Organization of the Petroleum Exporting Countries - plus non-OPEC Russia, was for a freeze at January's production levels.

On Iran's plans to increase oil output, which Tehran has said it will not abandon, Fuzaia said rising Iranian production was not in itself a problem.

However, there is a problem with Iran's ability to sell this additional quantity into a saturated market amid weak demand, she said.

Iran is looking to boost output following the lifting of Western sanctions in January. Analysts including the International Energy Agency say the increase has so far been gradual. (Additional reporting by Rania El Gamal and Alex Lawler; Writing by Andrew Torchia and Alex Lawler; Editing by Dale Hudson)

http://in.mobile.reuters.com/article/idINL5N1781BK?irpc=932

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[DocLevi]

Why don't they do what Frito-Lay and other chip companies do to their bags and pricing for a barrel of oil? lol (ERRR... make the barrel smaller to keep the price the same...)

[slazenger7]

Deutsche Bank Releases ConocoPhillips Price Target With Potential 56.25% Upside

http://www.sharetrading.news/2016/03/29/deutsche-bank-releases-conocophillips-price-target-with-potential-56-25-upside/

[slazenger7]

BARCLAYS REITERATES “BUY” RATING FOR CONOCOPHILLIPS (COP)

http://microcapmagazine.com/2016-03-30-barclays-reiterates-buy-rating-for-conocophillips-cop/

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[slazenger7]

Why ConocoPhillips' Comeback Will Continue

http://seekingalpha.com/article/3961806-conocophillips-comeback-will-continue

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[slazenger7]

Why Oil Stocks Will Be the Best Investment in 2016

http://www.huffingtonpost.com/gobankingrates/why-oil-stocks-will-be-th_b_9532562.html

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[slazenger7]

Geode Capital Management buys $428.9 Million stake in ConocoPhillips (COP)

http://www.losangelesmirror.net/201603/27/geode-capital-management-buys-428-9-million-stake-in-conocophillips-cop-341956/

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[slazenger7]

Capital International Ltd Ca buys $29.3 Million stake in ConocoPhillips (COP)

http://www.streetedition.net/capital-international-ltd-ca-buys-29-3-million-stake-in-conocophillips-cop/6417196/

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[slazenger7]

Oil price recovery to accelerate as smaller producers slash output

http://www.telegraph.co.uk/business/2016/03/25/oil-price-recovery-to-accelerate-as-smaller-producers-slash-outp/

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[slazenger7]

OPEC expects upsurge in oil prices with or without Iran

https://www.rt.com/business/336573-opec-oil-iran-production/

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[slazenger7]

Andy Hall: Oil Prices Could Be Headed To $80 In Next 12 Months

http://www.valuewalk.com/2016/03/andy-hall-oil-prices/

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[slazenger7]

BRIEF-ConocoPhillips enters into term loan agreement of $1.6 bln

http://www.reuters.com/article/idUSFWN16T07G

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[slazenger7]

Top Stocks of the day: ConocoPhillips (NYSE:COP)

http://news4j.com/top-stocks-of-the-day-conocophillips-nysecop-24/

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[slazenger7]

Oil prices likely to go up from April 1st

http://en.dailypakistan.com.pk/business/oil-prices-likely-to-go-up-from-april-1st/

[slazenger7]

Oman confident of recovery in oil prices after Doha meet

http://timesofoman.com/article/79772/Oman/Government/Oman-confident-of-recovery-in-oil-prices-after-Doha-meet

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[CTDT AS]

Loving it, HotRod called it at 32 said it was bound for 65.

[radar72]

Just keeps going up.