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ConocoPhillips Message Board

rgchjr1945 213 posts  |  Last Activity: Nov 21, 2014 9:07 PM Member since: Sep 27, 2011
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  • Reply to

    PPS of CRC?

    by ejs811 Oct 16, 2014 5:29 PM
    rgchjr1945 rgchjr1945 Oct 17, 2014 12:36 PM Flag

    Is 11/17 the date when OXY trades 3 ways?? I had COP prior to the split and if I remember correctly it also traded 3 ways 2 weeks prior to the first day that PSX was listed separately and not W/O.

  • State-of-the-art facility will add jobs to the region and further expand the Company’s capacity to serve customers throughout the Midwest
    Airgas, Inc. (ARG), one of the nation's leading suppliers of industrial, medical, and specialty gases, and related products, today celebrated its new 250,000 square foot, state-of-the-art facility in Germantown, WI with a building dedication and tour. The new facility, which includes a distribution center and administrative office space, will expand and further streamline the Company’s hardgoods supply chain to Airgas customers and branch locations when it is fully operational in early December 2014. The facility will also be the new home for the regional Airgas Total Access™ telesales team that serves Airgas customers across much of the Midwest and Mountain States. Scott Walker, Governor of Wisconsin, and Dean Wolter, Germantown Village President, joined Airgas President and Chief Executive Officer Michael L. Molinini, President of Airgas USA, LLC Andrew R. Cichocki, Airgas associates, and residents of the Germantown community to celebrate the new facility.The new distribution center is one of six that Airgas operates across the country. It will be used to stock and ship hardgoods, including welding equipment and safety products, to Airgas customers and branch locations throughout much of the Midwest. The facility will also include 58,000 square feet of office space for Airgas Total Access™ and for administrative support functions.

  • rgchjr1945 rgchjr1945 Oct 12, 2014 8:02 PM Flag

    The U.S. Surface Transportation Board, which oversees railroads, has a history of intervening between deals in the industry, according to the Journal. In 2000, a proposed merger of Burlington Northern and Canadian National Railway, Canadian Pacific Railway's larger rival, was dropped because of the agency's disapproval.

    National security officials would also likely weigh in on a merger that combines a U.S. and Canadian company.

  • rgchjr1945 rgchjr1945 Oct 10, 2014 3:25 PM Flag

    So we have a few individual situations where small companies have gone under, yet in the last 20 months from Jan 1, 2013 through August 31, 2014 Wisconsin has added 44,375 and the umemployment rate has gone down to 5.8% from 6.9%. September was a great month nationally and August was updated with big gains so my guess is that when the states are updated in the Bureau of Labor statistics Database then we will see even better numbers.

    And the point of this site is to discuss Wisconsin Energy which is doing really well because of employment gains and a better business environment. It's not to hear some liberal cry baby wining because is guy didn't get elected.

  • Reply to

    Why HIIT will stay strong...

    by twolanesgoingslow Oct 10, 2014 6:48 AM
    rgchjr1945 rgchjr1945 Oct 10, 2014 2:26 PM Flag

    My only concern short term is that investors get antsy owning these low price stocks when the market gets hammered. I think a lot of shares are held by local Texas investors who actually know the folks running this company. We can go back to when it was a valve company and when the valves were part of a machine shop that catered to the oil and gas industry. The current CEO was the chief financial officer. I believe that all those local folks know the value here and as a result I do not think there are many shares floating around to be had at any price. These kinds of companies attract traders and there is not enough volume to warrant that.

  • Reply to

    We could see quite a finish today.

    by lee122oneill Oct 10, 2014 12:36 PM
    rgchjr1945 rgchjr1945 Oct 10, 2014 2:20 PM Flag

    I agree with you. The fact that we have held are ground near $3 is a victory. When and if things settle down this stock should move higher first. Also want to hear a good conference call with more details on future development. These no revenue biotech stocks can get to quite high prices just based on the future. But you also need a good overall market. many times these kinds of stocks get hammered. So I really like the price action here.

  • Reply to

    Road show must be going good.

    by moweenfarmer Oct 8, 2014 2:25 PM
    rgchjr1945 rgchjr1945 Oct 10, 2014 2:14 PM Flag

    D has held up well through the sell off. It will be a while before DM sends lots of cash to D. The liquifier takes a few years to build and they are still importing gas at the present operation due to some old contracts.

  • Deutsche Bank initiated coverage of Phillips 66 (NYSE: PSX) on Wednesday with a Hold rating and price target of $99.

    In Wednesday’s report, analysts Ryan Todd and Igor Grinman explained that Phillips 66 offers “investors significant (and growing) exposure to secular growth in the low-volatility/high-quality, structurally advantaged midstream and chemicals businesses.”

    According to Todd, Phillips 66 has “defensive (refining margin standpoint) characteristics and relatively attractive valuation under both bearish and bullish refining case scenarios” and these “bode well for the name over the medium term. However, given our relatively bullish stance on the US refining space over the medium term, we see stronger investment cases elsewhere.”

    The report noted that a “decrease in ethylene, polyethylene and/or SA&S (specialties, aromatics and styrenics) would negatively impact PSX’s cash flows; conversely, any strength in the aforementioned chemicals would benefit” the company.

    The price target for Phillips 66 “incorporates nearly $7/share of value related to the 2017 ethane cracker.” Todd believed “2016 consensus estimates (- 3 percent/-2 percent versus DBe onEPS/EBITDA) similarly largely reflect upside related to incremental near-term projects.”

  • Colgate-Palmolive Company (NYSE:CL) was downgraded by equities research analysts at BMO Capital Markets from an “outperform” rating to a “market perform” rating in a research note .
    Other equities research analysts have also recently issued reports about the stock. Analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Colgate-Palmolive Company in a research note on Tuesday, September 30th. They now have a $71.00 price target on the stock, up previously from $67.00. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Colgate-Palmolive Company in a research note on Thursday, August 14th. They now have a $68.00 price target on the stock. Finally, analysts at Bernstein cut their price target on shares of Colgate-Palmolive Company from $69.00 to $66.00 in a research note on Friday, August 1st. One analyst has rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $68.00.

  • rgchjr1945 rgchjr1945 Oct 8, 2014 10:59 AM Flag

    excal8 - thanks for the heads up. I did not see this article.

    Honeybadger - His price target was 12/31/15. basically 15 months.

  • PARSIPPANY, N.J., Oct. 7, 2014 (GLOBE NEWSWIRE) -- B&G Foods, Inc. (BGS) announced today that it has scheduled a conference call to discuss the Company's third quarter 2014 financial results on Tuesday, October 21, 2014 at 4:30 p.m. ET. Hosting the call will be David L. Wenner, Chief Executive Officer, and Robert C. Cantwell, Chief Financial Officer.

    The call will be webcast live from B&G Foods' website at under "Investor Relations—Company Overview." The call can also be accessed live over the phone by dialing (800) 263 -8506 for U.S. callers or (719) 325-2133 for international callers.

    A replay of the call will be available one hour after the call and can be accessed by dialing (877) 870-5176 or (858) 384-5517 for international callers; the password is 5000512. The replay will be available from October 21, 2014 through November 4, 2014. Investors may also access a web-based replay of the call at the Investor Relations section of B&G Foods' website,

    The Company intends to issue a press release with the third quarter 2014 financial results via Business Wire after the market close on Tuesday, October 21, 2014.


    ConocoPhillips (COP) today confirmed that oil was discovered in the FAN-1 exploration well, located approximately 60 miles offshore Senegal. Further evaluation is required in order to determine commerciality.

    “The preliminary results at FAN-1 are encouraging,” said Larry Archibald, senior vice president, Exploration. “We believe the positive result reinforces our global exploration strategy of getting into the right plays early in their life-cycle.”

    The FAN-1 well, located in the Sangomar Deep block, was drilled to a total depth of 16,164 feet in approximately 4,700 feet of water. Upon completion of operations at FAN-1, the semi-submersible drilling rig will move to the SNE-1 well, also located in the Sangomar Deep block in approximately 3,600 feet of water.

    Cairn Energy PLC. is the operator and holds a 40-percent working interest in the FAN-1 well. ConocoPhillips holds a 35 percent working interest in the well, while FAR Limited and Petrosen hold 15 and 10 percent interest, respectively.


    Occidental Petroleum Corporation (OXY) will hold a conference call on Thursday, October 23, 2014, at 10 a.m. Eastern following the release of its third-quarter 2014 financial results. Occidental’s conference call may be accessed by calling 877-270-2148 (international callers dial 412-902-6510) or via webcast at Participants may pre-register for the conference call at

    Occidental’s subsidiary, California Resources Corporation, will hold a conference call on Wednesday, October 22, 2014, at 5 p.m. Eastern, following the release of its third-quarter financial results. The conference call for California Resources may be accessed by calling 877-270-2148 (international callers dial 412-902-6510) or via webcast at Participants may pre-register for the conference call at

    All remarks made during these conference calls will be current at the time of the calls and may not be updated to reflect subsequent material developments.

    Third quarter 2014 financial results will be available through the Investor Relations section of Occidental’s website concurrent with the SEC filings. An archived edition of each conference call also will be available on the website within several hours after that call is completed.


    Taking on what may be industry’s greatest cause of excessive operational cost and unrealized profit, Emerson Process Management is changing the game for industrial producers like oil and gas, chemical, refining, and power. For these 24/7 operations, which routinely suffer 5 to 7 percent unplanned downtime losses due to poor maintenance practices, the company’s new global reliability management consulting practice is guiding leaders on how to better manage maintenance costs, improve reliability, and increase profitability.

    With more than 25 years of leadership in developing reliability-enhancing technologies and services, Emerson is elevating the reliability cost challenge to the boardrooms of its customers with an economic-based management consulting practice aimed at saving companies millions in wasted expense and lost revenue.

    “C-suite executives are seeing the need to better manage physical assets for improved profitability,” says Steve Sonnenberg, president of Emerson Process Management, a global business of Emerson (EMR). “With the right strategy, the typical $1 billion plant can save $12 million or more annually in maintenance costs – not including the corresponding operational and production benefits from reduced downtime. Extend that across a corporation’s network of facilities and soon reliability becomes the number one strategic lever for a safer, more profitable enterprise.”

    By reducing scheduled and unscheduled downtime, companies can reduce their maintenance spend by 50 percent or more, according to Solomon Associates, a leading benchmarking company in the process industries that tracks companies’ performance based on reliability and maintenance metrics. Optimized reliability practices – such as increased condition monitoring and analysis-based maintenance activities – drive down costs and also improve sales, quality, health and safety, and environmental compliance. These are all key factors affecting operational ris

  • Reply to

    Another Win for Eylea

    by dividendseeker Oct 6, 2014 5:34 PM
    rgchjr1945 rgchjr1945 Oct 6, 2014 7:40 PM Flag

    Still less than 3% from it's all time high. Usually these high PE stocks get whacked during these unsettling markets. Where we are is a good sign, because when things turn around in the general market (and they will) then companies like this that hung tough because of the fundamentals will have a big jump.

  • 5:00 pm Waste Mgmt and aPriori Capital Partners announce definitive agreement for Waste Management to acquire Deffenbaugh Disposal (WM) : Co announced the signing of a definitive agreement under which a subsidiary of Waste Management will acquire the outstanding stock of Deffenbaugh Disposal.

    With approximately 1,000 employees, Deffenbaugh provides services in the cities of Omaha, NE, St. Joseph, MO, Kansas City metropolitan area and Topeka, KS, as well as in Northwest Arkansas. In addition to these hauling operations, the company operates one municipal solid waste landfill, one construction and demolition landfill, two material recovery facilities, and seven transfer stations. In 2013, Deffenbaugh collected more than 1.7 million tons of waste and recyclable material with the majority processed at its recycling facilities or disposed at its landfills.

  • ConocoPhillips (NYSE: COP) was upgraded Monday by UBS from Sell to Neutral with a price target reduced from $80 to $78.

    Analysts led by William A. Featherston noted in a report that the shares seem to be fairly valued versus close peers after a recent pullback in the stock.

    Featherston’s report suggested that since "the downstream spin, ConocoPhilips has traded within a dividend yield range of 3.3 percent to 5.3 percent, pushing up its valuation multiples vs. pure-play E&P peers despite lower relative growth."

    The company’s "high yield should continue to support its valuation; assuming a 5 percent dividend increase in 2015 (to ~$3.08 per share share) and 4.5% yield implies downside support of $68 per share."

    As for risks, the report highlighted concerns over "1) ongoing cash flow outspend...2) upside risk to long term capex guidance of $16.5-$17 billion in order to achieve its growth targets; 3) above average leverage to US natural gas relative" to peers.

  • Occidental Petroleum Corp. (OXY) is seeking to sell its North Dakota oil assets as the company restructures to focus on its most profitable regions, people with knowledge of the matter said.

    Occidental is working with investment bank Tudor Pickering Holt & Co. to sell about 335,000 net drilling acres in the Williston Basin and may receive as much as $3 billion in a deal, said the people, who asked not to be identified because they were discussing private information. The holdings include a part of North Dakota’s Bakken formation, an area that has been less successful for Occidental because of higher costs, though it’s one of the fastest-growing oil-producing regions in the U.S.

    A representative for Tudor Pickering Holt didn’t immediately respond to a request for comment. Melissa Schoeb, an Occidental spokeswoman, said the Houston-based company announced plans last year to “pursue strategic alternatives” for some assets, including in the Williston Basin.

    Global energy producers are facing investor demands to cut spending and focus on their best drilling opportunities in the U.S., where oil output reached the highest level in almost 30 years. Companies including Apache Corp. (APA) have relied on asset sales and spin offs to fund share buybacks and boost returns.

  • Reply to


    by oohay11693 Oct 2, 2014 10:49 PM
    rgchjr1945 rgchjr1945 Oct 6, 2014 7:22 PM Flag

    It took COP/PSX a while to uncover value and it was mostly in PSX. The chemical company and midstream operations that came to PSX were buried inside of the original COP.

    In this case OXY will be getting $6 billion from CRC as a way of splitting the companies debt. COP/PSX did the same thing. It looks like in this case because OXY debt is so low they will buy back $6 billion in stock thereby recapitalizing the remaining company with a higher debt to eguity ratio. The buy back will eliminate a lot of shares driving up the earnings per share and eventually the price of OXY. All the none core assets they sell will also go to repurchase more shares. This may play out over a longer time due to the need for buyers. They are not going to give the propertied away.

    I plan on selling CRC after things settle down because I already own shares in shale plays and want the skinnied down OXY. Once I see the new OXY price settle out I will buy more. Am retired and want the dividends, which I also believe they will increase quite handsomely over time. CRC is more of a growth company which may be more suitable to younger investors.

  • rgchjr1945 by rgchjr1945 Oct 6, 2014 3:20 PM Flag

    Simply amazing we broke through $1/share. Let us hope we close there. Currently at $1.03 the all time high to this point. I do not see any news on the company except last weeks 8-K, which did not look all that exciting. My guess is that investors in Texas must know something that I do not. I like the business they are in and the fact that even before this last acquisition they were growing extremely rapidly. I think there is a lot of strong hands in this company from the original machine shop and the valve company that could not make it as an independent company. You also have all the management form the companies that were merged in to the skeleton that just had the tax loss carry forwards. I still think the valve was a neat product.

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