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ConocoPhillips Message Board

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  • andevenabs andevenabs Nov 16, 2006 9:36 PM Flag


    not going to happen.

    stockpiles are through the roof. It is entirely conceivable that we have a strong leg down toward the high $40's if warm weather continues.
    I live in the Northeast and have had my heat on less than a couple days in November so far.

    I am still long on COP, although at 25% of my original position, (1500 shares) so yes, I would love for COP to get to the low $50's before a re-load, but that's the way I see it.
    One more thought, if crude stays below $50 for more than a couple weeks, you can bet the house that analyst earnings estimated will be revised down. This is a fact.

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