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ConocoPhillips Message Board

  • cashawk cashawk Mar 23, 1998 9:40 PM Flag

    SPLIT

    really not sure about split this year but in a
    year or two this stock is going bust loose you can bet on it.

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    • is this a good long term retirement investment? what will drive up the price?

      • 2 Replies to Rattydude
      • Currently reviewing alliance with one of Russia's Largest Oil Companies.

      • Yes!

        Here are some things to consider.

        Friday April 17, 3:03 pm Eastern Time RESEARCH ALERT - Furman Selz starts oil companies
        NEW YORK, April 17 (Reuters) - Furman Selz said on Friday it started coverage on shares of Phillips Petroleum Co (P - news)
        and USX-Marathon Group (MRO - news) with buy ratings. Analyst Jeff Berg set a $60 per share target price on Phillips, saying
        stock trades at steep discount to both Standard & Poor's 500 index and the domestic major oil companies. Cites growth potential of
        Phillips' petrochemical business and high quality of company's commodity-oriented business from a scale, feedstock and technology
        perspective.

        Phillips stock 50-1/2 with a PE of 13.8

        Dividend paid to shareholders on record at the end of this month (April -1998)

        First quarter earning expected to be good, despite the price of oil ($14/barrel).

        Company has stock buy back program in progress.

        Company has restructured project engineering - strategic alliance with Bechtel Engineering

        Company has mission of being preferred supplier in the petro-chemical industry.

        mike

 
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