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ConocoPhillips Message Board

  • patient_lt_investor patient_lt_investor Jul 8, 2013 9:05 PM Flag

    Rise of COP Shareholder Value

    Over the last year, COP has risen in value and contributed to creating shareholder wealth. During the last year, the pps has very quietly but steadily moved from $54 to $63 a share. Furthermore, the shareholders have received a generous dividend payout during this time.

    These shareholder gains have been 'stealth gains', no fanfare, just an increase in value. Good luck to all COP longs.

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    • Alaska set for vote on oil-tax cut after lobby group submits petition

      ANCHORAGE, Alaska, July 13 | Sun Jul 14, 2013 4:46am EDT

      (Reuters) - Critics of an oil-industry tax cut handed a petition with 50,000 signatures to Alaska state officials on Saturday, more than enough to force a referendum that would overturn a new oil tax law.

      The bill, approved by the legislature three months ago, replaces taxes tracking oil prices with a cap on tax at 35 percent of net profits. Expectations for the new system were for a likely tax range from about 14 percent to about 20 percent.

      "This bill that they passed is against the interests of Alaska," Vic Fischer, a former state senator and one of two surviving authors of the Alaska constitution, told a group of about 50 banner-waving tax-cut opponents gathered outside government offices in Anchorage.

      Referendum supporters, organized in a group called "Vote Yes - Repeal the Giveaway", needed 30,169 signatures of registered voters - 10 percent of the total turnout in the last statewide election - to qualify their measure for the 2014 ballot.

      Leading oil producers in Alaska include BP Plc, ConocoPhillips and Exxon Mobil Corp.

      Governor Sean Parnell, sponsor of the new tax, argued that steep cuts in oil taxes were needed to lure industry investment away from North Dakota and other booming oil-producing areas. He dubbed the bill the "More Alaska Production Act".

      Opponents say the tax cuts are too steep, will cost the state $4.5 billion in lost revenues over five years, and do nothing to reverse North Slope production declines that they say are inevitable as the area's main oil fields age.

    • COP hit $66 a share today, and despite the run up in the pps, the PE ration is still only around 10.5 and the dividend is a hefty 4.3%. Now, if only COP could produce a good quarterly report, then shareholders would be looking at further gains.

      And the current $100++ value of a barrel of oil will be weighing in heavily, not for this upcoming quarterly report, but for the next; in terms of income and profits.

    • COP has quietly moved up $2.75 since I made the original post on this thread, and that was just 11 days ago.

      Does anyone know when COP posts it's quarterly report?

      Good luck to all COP longs!

    • I bought 5 years ago at $72 so I'm almost back to breaking even. Not too shabby. I guess.

      • 3 Replies to feilding_melish
      • you must have bought just before the market crash in 2008, but you are not figuring in your dividends or the spin off of PSX Even buying at one of the worst times possible you have made a 4% plus dividend plus the spinoff of PSX for $30 per share of COP so you have earned about $42 in dividends and PSX on that $72 investment 5 yrs ago for a non compounded annual return of almost 12% which is not bad considering you picked the worst time to buy and you are not comparing to any other companies which if you had bought at that time frame on average. the dividends and spinoff are a big part of what has happened in that time frame Had you waited another year you could be in at 50 as I was and have made that $42 plus the $15 we are up from that point on a $50 investment and if you reinvested the dividend you would be up even more and all that didn't include the dividend from PSX. Are you feeling better yet??

      • If you REALLY owned the stock you would know how much you were ahead. Get a life.

        Sentiment: Strong Buy

      • After 5 years you should be sitting pretty.... The stock did split off, you should be way ahead after the PSX split off. Anyone that kept PSX after the split is up 90%, and its gone up as far as 125%. I sold half near its highs and re-bought earlier this week on the down side. More shares for me! You'll be okay!

        Sentiment: Hold

    • that is a 20% return counting the dividend and the dividend was just raised. This has been an excellent investment for the last 4 yrs for me and as stated slow and easy if you call 24% annualized slow. People just don't appreciate what management has done enough and bashers should be put on ignore except wyo34 who occasionally shows up and you should use that as a signal to add to your position. or buy back all covered calls

    • I bought 12 months ago at $53 and was thinking the same thing. This is a stealth stock no one talks about, which is what might be the best thing going for it.

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