|Bid||56.54 x 900|
|Ask||61.81 x 1000|
|Day's Range||61.33 - 62.01|
|52 Week Range||50.13 - 71.01|
|Beta (3Y Monthly)||1.09|
|PE Ratio (TTM)||8.44|
|Earnings Date||Jan 29, 2020 - Feb 3, 2020|
|Forward Dividend & Yield||1.68 (2.72%)|
|1y Target Est||73.38|
ConocoPhillips' (COP) strong and stable operations are likely to back the company to persistently grow free cash flow in the coming quarters.
The recent production cut of 500,000 BPD from the OPEC+ group is set to result in total output cut of 1.7 million BPD, which represents 1.7% of global demand.
One of the best tools in ordinary investors' arsenal is 13F filings. Once a quarter hedge funds with at least $100 million in total positions in publicly traded US stocks/options and convertible debt are required to open the kimono and disclose the number of shares and the total value of its positions in each of […]
The U.S. shale patch is showing serious signs of financial distress, but a few companies continue to drill profitably for oil & gas in America’s most prolific shale basins
The oil and gas markets have been extremely volatile in recent years, but one company is looking to buckle down and ride the wave with grace and profitability
EIA's Weekly Petroleum Status Report shows a much bigger-than-expected drawdown in oil inventories, ending several consecutive weeks of builds.
Equinor (EQNR)-run Johan Sverdrup oil field's phase one production projection of 440,000 barrels of oil per day for summer 2020 is constant.
The Zacks Analyst Blog Highlights: Pioneer Natural Resources, Diamondback Energy, Callon Petroleum, EOG Resources and ConocoPhillips
Although the masses and most of the financial media blame hedge funds for their exorbitant fee structure and disappointing performance, these investors have proved to have great stock picking abilities over the years (that's why their assets under management continue to swell). We believe hedge fund sentiment should serve as a crucial tool of an […]
Low-cost index funds make it easy to achieve average market returns. But across the board there are plenty of stocks...
Four cheap energy stocks for investors to consider, on the expectation that the increasingly unpopular sector will emerge from a decadelong slump. Plus: a bet on three drugs formerly in Celgene’s pipeline.
Despite the recent signs of moderation in American oil production growth, the country is poised to become energy independent by next year.
The federal government's EIA report revealed that crude inventories rose by 1.6 million barrels, compared to the 600,000 barrels decrease that energy analysts had expected.
(Bloomberg) -- Japan’s largest petroleum exploration company, Inpex Corp., is looking at expanding its natural gas business in Australia, even as U.S. energy majors Exxon Mobil Corp. and ConocoPhillips scale back their operations in the country.Both Exxon and Conoco are selling non-core assets to boost shareholder returns and fund more attractive growth elsewhere around the world. Inpex sees it differently, looking to snap up assets to feed its $45 billion Ichthys liquefied natural gas project off northwest Australia, which is just one year into its expected 40-year lifespan.“There are so many opportunities here in Australia,” said Hitoshi Okawa, head of Inpex’s Australia business, after the company earlier this month announced its 100th shipment from the project. “We’re here for the long haul.”Exxon said in September that it was seeking a buyer for maturing gas fields off southeast Australia, while Conoco last month announced a $1.4 billion deal to sell its LNG business in northern Australia to local company Santos Ltd. With Ichthys now in normal production, Okawa is turning his attention to finding fresh reserves to keep the huge project running at full capacity of 8.9 million tons a year.The Cash Maple field, owned by Thailand’s PTT Exploration & Production Pcl, and the Crux prospect are two options among several Okawa is considering because of their proximity to the Ichthys Field, which is connected via an 890-kilometer (550-mile) pipeline to the LNG plant near Darwin.PTTEP said in September it was seeking a partner for Cash Maple, while Inpex already cooperates with Royal Dutch Shell Plc, Crux’s majority owner, through a minority stake in Prelude LNG, the world’s largest offshore facility.Australia is preparing for what it hopes will be a second wave of LNG investment after local firms and global majors spent more than $200 billion over the past decade building enough plants to make the country the world’s leader in export capacity. That effort was led by U.S. major Chevron Corp.’s $88 billion Wheatstone and Gorgon LNG projects, the latter of which Exxon owns 25% in.Another question for Okawa is whether to double down on the separate Darwin LNG processing facility, soon to be operated by Santos after Conoco opted to sell its share. Inpex already holds an 11.4% stake in Darwin and Santos Managing Director Kevin Gallagher has said he would like partner “alignment” in the Barossa gas field, which Santos has earmarked to supply the Darwin plant.“That’s Kevin’s aspiration, he’s a good friend of mine” Okawa said, “Of course we think about the importance of alignment but a commercial decision is required.”Okawa also said he saw potential for collaboration between Ichthys and Darwin LNG. For now, he is keeping his options open as his company seeks to deepen its ties to the country.“We want to be an employer of choice, a partner of choice and a company that is indispensable to Australia’s economic development,” Okawa said. “Without having the proper awareness in the community and within government, it’s very difficult for us to expand the business here in Australia.”To contact the reporter on this story: James Thornhill in Sydney at firstname.lastname@example.orgTo contact the editors responsible for this story: Ramsey Al-Rikabi at email@example.com, Rob Verdonck, Dan MurtaughFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
ConocoPhillips (COP) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
U.S. oil company ConocoPhillips on Tuesday filed a motion in a Delaware court seeking to seize shares in the parent of U.S. refiner Citgo Petroleum to collect on an arbitration award against Venezuelan state oil company PDVSA. Citgo, a PDVSA subsidiary and Venezuela's crown jewel overseas asset, is being targeted by numerous parties seeking payment from Venezuela or PDVSA.
One of the biggest international oil giants is selling its oil and gas lease rights at the northeast edge of the metro area in a deal poised to make Denver-based Crestone Peak Resources much bigger. Houston-based ConocoPhillips Co. (NYSE: CON) said Tuesday that it has negotiated the deal. Niobrara refers to geological formation that’s most sought after for unconventional oil and gas development in northeast Colorado.
As the bull market sails past its first decade, value-minded investors worry that there are few bargains left. But there are, if you're willing to wade into the oil patch. The big problem is finding the courage. Even some of the best energy stocks have suffered recent returns reminiscent of the Deepwater Horizon.Oil-focused stocks naturally are subject to the price of oil, which depends, in part, on Middle East politics, the global economy and U.S. driving habits. Oil prices (as well as natural gas and other energy sources) also depend on supply, and oil has been plentiful, thanks to the revolution in fracking.Over the past 12 months, West Texas intermediate crude oil has seen its price fall to about $57 from $74 a year earlier. This is particularly bad for energy stocks that explore and drill for oil, known as upstream companies. For companies that refine oil into gasoline and other products, however, lower prices can be good, since oil is a cost to them, rather than a product.Will the energy sector find relief in 2020? So far, the experts aren't hopeful. The International Agency Energy says that oil supplies could be rich once again thanks to a pickup in production and tepid growth in demand. That bodes poorly for prices.If you're still willing to brave a potentially difficult sector, however, here are 10 of the best energy stocks to buy for 2020. SEE ALSO: 20 Dividend Stocks to Fund 20 Years of Retirement
ConocoPhillips (COP) unveiled a 10-year plan that targets, among others, $50 billion in free cash flow. Meanwhile, HollyFrontier (HFC) raised its dividend by 6%.
Denver-based Crestone Peak Resources has struck a deal to buy 97,000 acres of oil and gas lease territory in Adams and Arapahoe counties and the city of Aurora, nearly tripling the company’s size. The purchase, expected to close early next year, is Crestone Peak’s first significant expansion since the company formed in 2016 after buying the northern Front Range holdings of Encana Corp. Crestone Peaks’ new purchase will expand its leased holdings for oil and gas development to 148,000 acres in the southern Denver-Julesburg Basin. The deal underscores Crestone Peaks’ belief in the value of Colorado oil and gas, even amid sweeping changes to industry regulation in the state, said Jason Oates, Crestone Peak’s director of external affairs.