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ConocoPhillips Message Board

  • bradshaw22000 bradshaw22000 Jan 31, 2013 11:05 AM Flag

    The Street reiterates BUY recommendation for COP!

    Good analysis by this company and gives the company an A- rating.

    Sentiment: Strong Buy

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    • If you recall The Street is run by Crammer.
      Below is a realistic view:
      Thursday, January 31, 10:56 AM ET
      ConocoPhillips (COP -4.7%) stumbles nearly 5% a day after issuing a disappointing 2013 production forecast of 1.475M-1.525M boe/day, with a significant Q2-Q3 dip due to seasonality, planned maintenance and project tie-ins. “Production will decline in ’13, and [COP] will need to show as we move forward that they can grow off that 2013 base," according to one analyst.

      Sentiment: Strong Sell

      • 1 Reply to rjraecek
      • How can the earnings release be disappointing when the company has said this would be the case? Of, course they are saying production will slip slightly in 2013 before a significant increase beginning in 2014. They gave a full explanation in their call. If people would only listen to the earnings call they would KNOW. Earnings actually BEAT the consensus by a penny a share so there should have been no big surprise there. Fine by me because this only gives me the opportunity to scoop up more at a bargain price.

        Sentiment: Strong Buy

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