|Bid||0.00 x 3000|
|Ask||0.00 x 900|
|Day's Range||67.17 - 68.31|
|52 Week Range||50.18 - 80.24|
|Beta (3Y Monthly)||1.18|
|PE Ratio (TTM)||13.45|
|Forward Dividend & Yield||1.22 (1.82%)|
|1y Target Est||N/A|
ConocoPhillips CEO Ryan Lance on the decline in oil prices, where the opportunities are for the company, the potential impact of the partial government shutdown and the regulatory relief under the Trump administration.
East Timor's president has approved a decree allowing use of the country's petroleum fund for a $650 million buyout of Royal Dutch Shell and ConocoPhillips' holdings in the Greater Sunrise gas project, a proposal he had vetoed in December but which subsequently won overwhelming parliamentary backing. Under East Timor law, the president can veto a bill once, but must then ratify it if the bill wins a parliamentary vote of approval. Purchases of the Shell and ConocoPhillips holdings would give East Timor a majority stake in the project, along with remaining partners including Australia's Woodside Petroleum and Japan's Osaka Gas.
Equinor (EQNR) receives exploration licenses in the Norwegian Continental Shelf, discovers gas in Ragnfrid North well and plans to boost Gullfaks Field oil recovery.
# ConocoPhillips ### NYSE:COP View full report here! ## Summary * Perception of the company's creditworthiness is negative but improving * Bearish sentiment is low * Economic output in this company's sector is contracting ## Bearish sentiment Short interest | Positive Short interest is extremely low for COP with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting COP. ## Money flow ETF/Index ownership | Neutral ETF activity is neutral. The net inflows of $10.54 billion over the last one-month into ETFs that hold COP are not among the highest of the last year and have been slowing. ## Economic sentiment PMI by IHS Markit There is no PMI sector data available for this security. ## Credit worthiness Credit default swap | Negative The current level displays a negative indicator with a strengthening bias over the past 1-month. Although COP credit default swap spreads are decreasing, they are near their highest levels for the past 1 year, which indicates the market's more negative perception of the company's credit worthiness. Please send all inquiries related to the report to email@example.com. Charts and report PDFs will only be available for 30 days after publishing. This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Per stock exchange rules, Sanchez (SN) has 45 days to draft and submit a plan that could boost its market capitalization above $50 million within a time frame of 18 months.
Did Trade Talks Impact Oil-Weighted Stocks More than Oil? (Continued from Prior Part) ## Oil-weighted stocks The following oil-weighted stocks could be the most sensitive to US crude oil’s movements. They might be impacted the most by oil’s price movement based on their correlations with US crude oil active futures in the trailing week: * ConocoPhillips (COP) at 70.5% * Concho Resources (CXO) at 65.6%. * Oasis Petroleum (OAS) at 49.2% * EOG Resources (EOG) at 37.4% * Diamondback Energy (FANG) at 27.3% ## Impact of trade talks In the trailing week, US crude oil active futures rose 12.5%. Occidental Petroleum was the third-largest gainer on our list of oil-weighted stocks. The top gainers, Callon Petroleum (CPE) and Whiting Petroleum (WLL) rose 30.5% and 20.6%, respectively, in the trailing week despite having a mild negative correlation with oil prices. The trade talks between the US and China might have caused these stocks to increase. In the previous part, we discussed that easing trade war concerns might be behind the rise in oil prices. ConocoPhillips had the highest correlation with oil. ConocoPhillips has risen 4.8%—the lowest among our selected oil-weighted stocks. All of these oil-weighted stocks are part of the SPDR S&P Oil & Gas Exploration & Production ETF (XOP). They have production mixes of at least 60.0% in liquids based on their latest quarterly production data. Liquids include crude oil, condensates, and natural gas liquids. Browse this series on Market Realist: * Part 1 - WTI Oil Could Stay above $50
While easing oversupply concerns and hopes of U.S.-China trade deal helped oil to squirt past $50, it remains to be seen if the commodity can maintain the recent gains.
Energy stocks have had a difficult 2018. Mostly flat performance through most of the year turned into a tailspin in October as oil prices plunged from above $75 per barrel to below $50. That in turn has pinched oil companies that rely on elevated commodity prices to drive larger profits. The headwinds are clear. Demand has slowed to a crawl, and supplies have piled up despite production cuts from several nations. Fears about U.S.-China trade relations have weighed, as have worries about sanctions on Iran. It's no wonder why energy stocks have taken it on the chin. But the skies are starting to clear as we head into 2019. OPEC and other nations are beginning to discuss additional output curbs, and with U.S. shale producers running at full capacity, there really isn't much room for them to pick up any slack. The U.S. and China have made progress on trade talks, too, including a 90-day moratorium on increasing tariffs. Investors diving into the sector still need to be choosy. A rebound in oil is far from a certainty, which means it's necessary to put a premium on quality right now. Here, we look at the 10 best energy stocks to buy for 2019 - those that can best take advantage of the current energy environment. ### SEE ALSO: 101 Best Dividend Stocks to Buy for 2019 and Beyond
Noble's (NE) ultra-deepwater rig will be operating offshore Guyana resources for ExxonMobil (XOM) from mid-February 2019 to mid-February 2020.
The energy sector suffered through a painful 2018, tacking on another year of underperformance relative to the broader market. Over the past five years, energy has largely missed the bull market, driven by headwinds such as oil price instability, oversupply concerns, geopolitical risks, and fears of slowing economic growth.
Crude inventories rose by just 7,000 barrels in the week to Dec 28, compared with analyst expectations for a decrease of 1.3 million barrels.
ConocoPhillips (COP) could be a stock to avoid from a technical perspective, as the firm is seeing unfavorable trends on the moving average crossover front.
A record amount of liquefied natural gas (LNG) production is expected to get the green light in 2019 amid strong global demand, especially from China, analysts said. A final investment decision (FID) could be taken on more than 60 million tonnes per annum of LNG capacity this year, well above the previous record of about 45 million tonnes in 2005 and triple last year's 21 million tonnes, Wood Mackenzie's research director for global gas and LNG, Giles Farrer, said. "If you have seen the potential demand for LNG, you have seen costs where they are now... that is motivating companies to push projects forward and motivating buyers to come forward to support some of these projects," Farrer said.
The decision of OPEC and partners to cut output once again in December 2018 failed to boost oil prices, and an extension later this year might be needed to offset rising U.S. shale supply
Shell (RDS.A) receives a license from the Chinese government to trade oil products in its domestic wholesale market, which will boost the company's presence in the country.
How Oil-Weighted Stocks Performed Last Quarter(Continued from Prior Part)Oil-weighted stocks’ returns In the fourth quarter, our list of oil-weighted stocks fell 44.2%—compared to the 39.7% fall in US crude oil February futures.