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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.


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70.98+1.23(+1.76%)Dec 19 4:02 PMEST

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