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ConocoPhillips Message Board

  • buybackerer buybackerer Sep 20, 2012 1:25 PM Flag

    Recently bought

    I just bought some shares of COP. Several reasons it looks like a winner . 1) the spinoff. The gas station business appeared to a drag on margins . 2) cashflow. Cashflow , what can I say but WOW. COP buys back alot of shares annually and increases the dividend . 3) mostly an oil play . We all have seen how well oil does in a lousy economy. Just wait until we have some economic pickup.4) the location of reserves are primarily in the US (and Alaska), Canada, and Europe. Very small percentage is in the Mideast while the other small remainder is in Asia. While the dividend appears very safe at current levels of production , price appreciation seems a given , since COP will be increasing production and seek 120% replacement of reserves thru exploration over the next several years.

    Sentiment: Buy

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69.88-0.25(-0.36%)Dec 26 4:00 PMEST

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