Tue, Jul 22, 2014, 11:57 PM EDT - U.S. Markets closed

Recent

% | $
Click the to save as a favorite.

ConocoPhillips Message Board

philesposito31 6 posts  |  Last Activity: Jul 8, 2014 7:55 AM Member since: Mar 22, 2013
SortNewest  |  Oldest  |  Highest Rated Expand all messages
  • Looking for an energy play? ConocoPhillips (COP) is the only Zacks Rank #1 (Strong Buy) among the large E&P companies. It is expected to grow earnings by the double digits this year.

    ConocoPhillips is the largest independent exploration and production company in the world. It has operations in 27 countries, including in the oil sands and the Eagle Ford shale region, and has a market cap of $106 billion.

    On May 1, Conoco reported first quarter earnings which beat the Zacks Consensus Estimate by 15.3%. Earnings were $1.81 compared to the consensus of $1.57.

    Conoco hasn't missed on the estimate since 2012.

    Of course, with E&P companies the key is production. Investors want to see production growth.

    After no production growth in 2012, Conoco has been turning it around. In 2012 it grew production by 2%. It has a stated goal for 2014 production between 3% and 5%.

    It fell a little short of that goal in the first quarter as production rose just 2.8% but it is seeing bright spots. The Eagle Ford and Bakken regions in North American saw production rise 41% compared to the first quarter of last year.

    A major project also started up in Malaysia in the quarter with preparations underway for four additional start-ups in Canada, Malaysia and the United Kingdom during the remainder of 2014.

  • Reply to

    Is ESV's dividend qualified or ordinary?

    by zelda98901 Jul 4, 2014 12:06 PM
    philesposito31 philesposito31 Jul 7, 2014 7:03 PM Flag

    "You must hold of 60 days before dividend is declared.".....for it to be a qualified dividend.

    Robertjohn, you are absolutely correct. I erred when I posted that you had to hold onto a stock for a year, before the dividend becomes 'qualified'. Thank you for pointing out my error, I stand corrected.

  • NEW YORK (Reuters) - Dish Network Corp shares could jump 20 percent over the next year if the Federal Communications Commission's wireless spectrum auction prompts investors to revalue the company's wireless real estate, Barron's said in a story published Sunday.

    The third-largest pay-TV provider in the U.S., Dish Network owns undeveloped wireless spectrum that bullish analysts think could be worth $25 billion, Barron's wrote.

    That price may rise in November after the FCC holds its largest auction of spectrum since 2008, Barron's said. The FCC has set a minimum bid of $10.1 billion.

    "Just from a stock perspective, you don't have to have a view on what Dish is ultimately going to do with the spectrum," Jason Bazinet, an analyst at Citigroup, told the financial newspaper.

    "The thesis is that the auction itself will be a positive catalyst for the stock. You just have to look forward to November."

    Bazinet has a price target of $79 for the stock.

  • Reply to

    Is ESV's dividend qualified or ordinary?

    by zelda98901 Jul 4, 2014 12:06 PM
    philesposito31 philesposito31 Jul 5, 2014 4:49 PM Flag

    My ESV dividends are paid as qualified dividends because I've held shares in ESV for over a year. Yes, if you own ESV for over a year, the dividends will be paid out as qualified dividends, same as American stock dividends.

  • Reply to

    Does this stock EVER go down?

    by mr_greenbubbles Jul 3, 2014 2:16 PM
    philesposito31 philesposito31 Jul 4, 2014 11:14 PM Flag

    And it's stayed down too, never seeing the price I paid for it 10 months ago.

  • Reply to

    Does this stock EVER go down?

    by mr_greenbubbles Jul 3, 2014 2:16 PM
    philesposito31 philesposito31 Jul 4, 2014 11:11 PM Flag

    "Does this stock EVER go down?"

    You bet it goes down. I bought my shares of SDRL almost exactly 9 months ago. My cost basis for those shares is $46.45. It's only one of two stocks in my holdings that have lost money in that time period. You bet it goes down.

COP
86.02+1.49(+1.76%)Jul 22 4:02 PMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.