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ConocoPhillips Message Board

  • oilgas66 oilgas66 May 12, 1998 8:49 AM Flag


    MJH - I�m not sure how the investment community
    will respond to this. The bottom line is that Phillips
    is making a strategically smart move. If the current
    LNG world market indicates a slowing , then Phillips
    can postpone this venture until the numbers are more
    favorable. With over 25% interest - Phillips is the
    principle player.

    WCW - I�m an individual investor
    like yourself. No crystal ball, just taking some
    initiative to do thorough research.

    sss5555 - I think
    the volume was directly associated with the news that
    came out of the stockholders meeting. Although all
    stockholders dream of a merger/ buyout, I don�t feel that
    Phillips is on the block yet. Phillips financial numbers
    are pretty impressive. It would take a powerhouse of
    a company to acquire "P".



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    • It would, of course, be possible that P might
      want to purchase some of CONOCO's assets, but I tend
      to agree with mis1a that DuPont will want to keep
      the CONOCO assets intact to enhance the market value
      of the stock during the IPO.

      And yes, P and
      CONOCO did try to merge their downstream operations a
      year or so ago. That is, in part, why I would believe
      a CONOCO/P merger long before I would suspect
      anything between P and Williams. I might add, however,
      that the reason for the deal falling through was an
      inability to agree on asset value, which might be even more
      difficult to reconcile in a merger (unless some neutral
      factor, such as market capitalization, is used to price
      the each party).

      As per my previous post,
      however, rumors of such a deal are not circulating within
      P. I am personally every skeptical anything is in
      the works.

    • Double normal activity and a 3% increase.... is there news coming ????

    • Phillips for sale? I think not . . . Very strong
      company right now . . . Think the OTHER way . . . Who is
      Phillips going to BUY?

      They continue to talk about
      growing the company . . . the fastest way? Buy somebody
      else . . .

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