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ConocoPhillips Message Board

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  • mmsa262 mmsa262 Oct 24, 2007 1:51 PM Flag

    Another Good Day for Long term COP Investors

    I fail to see where this small drop in earnings is cause for such a strong reaction to the stock. Yes, refining earnings have deteriorated, but that is largely over. Oil is still up an average of $10bbl over what Q3 earnings were based on and any further pull back in the per barrel cost will only be temporary. Looks like $80 will be the resistance level. If that holds - belly up and buy more. The market is printing free money for us.

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