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ConocoPhillips Message Board

  • sierradayhiker11 sierradayhiker11 Jun 8, 2012 10:46 PM Flag

    right or wrong I am waiting for the

    earnings report that ends in june and reports mid july. Im think the final cost of the spilt will be known and the lower price of crude will give more clarity to the value of the stk.I am still hoping to buy under 50.. good luck to all of you because we are all trying to do the best we can with our money.

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    • Barron's article re: PSX reaching $50 - Hold your horses for a while.

      • 1 Reply to richardx58
      • I do not subscribe to Barrons, but it looks like they think the PE will expand because it gets a lot of NI from chemicals & midstream. Problem is investors think it is a refining business. In time the high ROE businesses will overtake R&M. This may also be speeded up by putting some of the R&M assets (probably the pipelines that feed and distribute form the refineries) into MLP and then raise money to invest in midstream by selling some of the MLP units to the public in an IPO.

        This company has some potential but it will take some time for investors to see the value.

39.43-0.59(-1.47%)Sep 27 4:00 PMEDT