Sat, Dec 20, 2014, 9:28 AM EST - U.S. Markets closed

Recent

% | $
Quotes you view appear here for quick access.

ConocoPhillips Message Board

  • tradermkx tradermkx May 8, 2012 5:43 PM Flag

    Selling assets and stock going higher

    COP is agressively planning to return shareholder value over the next several years. (from Argus)

    We have viewed the shares of BUY-rated ConocoPhillips (NYSE: COP) as undervalued for some time, and think the company's upcoming spinoff of its downstream business will help to further unlock the stock's underlying value. Our target price is $85. While COP's long-term annual production growth rate of 3%-5% will likely lag that of other independents, its production is oilier, benefiting cash flow and income. Additionally, we think its growth rate will be augmented by positive margin contributions resulting from a greater focus on assets providing the highest returns. In addition, the assets it plans to sell are generally less profitable than those it intends to retain. On a per share basis, the company's buyback activity should provide further gains. These factors should position COP to deliver 10%-12% annualized EPS growth.

    ARGUS

    SortNewest  |  Oldest  |  Most Replied Expand all replies
 
COP
70.98+1.23(+1.76%)Dec 19 4:02 PMEST

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.