Replies to post #123 on ConocoPhillips (COP)

[OilStockReport]

Yeah I agree it won't be an easy move but I believe the overall demand will show its true colors and natural gas prices are looking at a 50% + move over the year. Going to fair well for my natural gas holdings. Still not bullish enough for me to shift my focus on oil producing projects but the upside is clear in the stocks.

[OilStockReport]

The first cargo of liquefied natural gas from the Qatargas 3 joint venture has been shipped, ConocoPhillips said today.
Upstream staff 01 December 2010 22:56 GMT
The cargo left Qatar on a QMax LNG ship for the Canaport LNG terminal in St John, New Brunswick, Canada.

A ConocoPhillips spokesman said the ship holds about 266,000 cubic metres of LNG, but said he was unsure of the cargo's exact size.

ConocoPhillips chief executive Jim Mulva said the shipment would help Qatar reach its LNG production target of 77 million tonnes per annum.

The Qatargas 3 venture was formed in 2005 between state-owned Qatar Petroleum, ConocoPhillips and Japan’s Mitsui.