|Bid||54.32 x 100|
|Ask||54.33 x 200|
|Day's Range||53.91 - 54.37|
|52 Week Range||42.27 - 61.32|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||1.14 (2.11%)|
|1y Target Est||N/A|
The Alaska LNG project faced an uphill battle, with many supermajors even abandoning the venture, but now it has finally been cleared for takeoff
U.S. output rose by 12,000 barrels per day last week to nearly 10.4 million barrels per day - the most since the EIA started maintaining weekly data in 1983.
U.S. oil production topped 10 million barrels per day earlier this year, approaching a record set in 1970, but until recently many investors in the shale oil revolution were still waiting for their payday. Since the beginning of year, 11 companies have promised buybacks, with six alone in the past three weeks including Devon Energy (DVN.N), Hess Corp (HES.N) and Noble Energy Inc (NBL.N). The United States' second largest producer Chevron Corp (CVX.N) also weighed in last week, hinting it would start buying back shares if it produced stronger cash flow in 2018.
The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. COP credit default swap spreads are within the middle of their range for the last three years.
After preaching patience a few weeks ago, this oil giant announced an early surprise that could be a big catalyst for its stock.
Market investors aren't just underweight energy stocks by a little, but by a lot, says ConocoPhillips CEO. Oil and gas companies need a new value message.