65.05 +1.06 (1.66%)
Pre-Market: 8:12AM EST
|Bid||64.65 x 800|
|Ask||65.19 x 1000|
|Day's Range||63.22 - 65.56|
|52 Week Range||48.97 - 80.24|
|Beta (3Y Monthly)||1.51|
|PE Ratio (TTM)||12.68|
|Earnings Date||Jan 30, 2019 - Feb 4, 2019|
|Forward Dividend & Yield||1.22 (1.85%)|
|1y Target Est||82.26|
Jim Ratcliffe, CEO of Ineos and the U.K.’s wealthiest man, could soon expand his stake in North Sea oil. Ineos is in exclusive talks with ConocoPhillips about purchasing assets from the U.S. energy firm. Reports claim those assets could include a 6.5 percent stake in a much sought after oil field.
TSB has named former Clydesdale Bank executive Debbie Crosbie as its new chief, to lead its recovery from disastrous IT failures earlier this year that wiped out all its expected annual profits. Ms Crosbie, currently Clydesdale Yorkshire Banking Group chief operating officer, will join TSB in 2019, pending regulatory approval.
Ineos confirms it is in talks with ConocoPhillips after a spokesperson for the U.S. headquartered independent confirmed last week that the company is marketing its UK assets.
The U.S. explorer plans to invite bids by the end of the year for the assets, which would include what’s left of its holding in the Clair Field, Bloomberg News first reported last week. The oil major on Sunday said the negotiations with Ineos won’t include its Teesside or London assets, and declined to comment any further. HSBC Holdings Plc and Citigroup Inc. are poised to provide financing, the newspaper said.
to acquire its assets in the North Sea. The potential deal, which has a price tag of more than $3bn according to industry sources, could transform Sir Jim Ratcliffe’s company into a major operator in North Sea oil and gas production, building on other acquisitions and its ownership of infrastructure, refineries and chemical plants fed by the basin. People familiar with the sale process said Ineos had paid ConocoPhillips a “substantial” deposit to give it exclusivity over the talks for three months, fearing competition from other buyers including private equity companies that have a growing role in the North Sea.
British petrochemicals company Ineos is in exclusive talks with ConocoPhillips (COP.N) to buy North Sea oil and gas fields worth $3 billion from the U.S. energy company, the Sunday Times newspaper reported, without citing sources. Reuters reported in May that ConocoPhillips was preparing to sell North Sea assets in order to focus on shale gas production in the United States, and earlier this week Bloomberg said the oil major aimed to sell $3 billion of assets by the year's end. The Sunday Times report said that Ineos, owned by Britain's richest man, Jim Ratcliffe, had paid a deposit in return for three months' exclusivity on the potential purchase.
British petrochemicals company Ineos is in exclusive talks with ConocoPhillips to buy North Sea oil and gas fields worth $3 billion from the U.S. energy company, the Sunday Times newspaper reported, without citing sources. Reuters reported in May that ConocoPhillips was preparing to sell North Sea assets in order to focus on shale gas production in the United States, and earlier this week Bloomberg said the oil major aimed to sell $3 billion of assets by the year's end. The Sunday Times report said that Ineos, owned by Britain's richest man, Jim Ratcliffe, had paid a deposit in return for three months' exclusivity on the potential purchase.
Albemarle and ConocoPhillips represent two sides of an industry trend. Which one you choose depends on how you see things changing from here.
STOCKSTOWATCHTODAY BLOG Natural-gas bulls and crude-oil bulls will likely be at odds. It’s not a mere coincidence that gas futures prices climbed sky-high just as crude futures were free-falling. Natural-gas futures for December delivery have declined sharply Thursday, after climbing 18% on Wednesday, the largest one-day percentage gains since September 2004.
ConocoPhillips (NYSE:COP) is one of the leading exploration and production (E&P) and distribution (pipelines) firms in the U.S. Six months ago, that would have been enough to signal a huge buy recommendation in COP stock.
A sizeable part of portfolio returns can be produced by dividend stocks due to their contribution to compounding returns in the long run. Historically, ConocoPhillips (NYSE:COP) has been paying a Read More...
The assets, which would include what’s left of its holding in the Clair Field, are likely to draw interest from private equity-backed companies investing in the North Sea and from rival energy firms, the people said, declining to be identified as the deliberations are confidential. "ConocoPhillips is marketing its UK assets after receiving an unsolicited offer," a representative for Conoco said in a statement. "If offers do not meet the company’s expectations for value, ConocoPhillips will retain the assets.
Crude oil was smashed lower for the 12th consecutive session on Tuesday. West Texas Intermediate lost 7.1%, returning to levels not seen since November. One of the largest energy stocks, Halliburton (NYSE:HAL) fell 5.5% to return to early 2016 levels.
Norfolk Southern, Emerson Electric and LyondellBasell are among the non-energy companies with relatively high correlations to the price of oil.
Exxon Mobil, Chevron, ConocoPhillips and Royal Dutch Shell are reportedly interested in buying Endeavor Energy Resources, a Permian Basin acreage holder.
Since we can’t speak for the Fed, let’s look at the former as part of our must-see stock charts. It also cut right though what many would have suspected as decent support, particularly given that oil is down for 12 straight sessions. After a pretty darn good earnings report, Exxon Mobil (NYSE:XOM) finds itself caught up in a tough selloff thanks to oil prices.
ConocoPhillips (COP) has strengthened its FCF (free cash flow) in the past one year. On a quarterly basis, COP’s FCF grew by 34.8% in Q3 2018. The rise in oil prices contributed to the rise in COP’s free cash flow. In part one, we discussed the impact of oil prices on COP’s earnings.
ConocoPhillips (COP) has shifted its production mix more to an oil-weighted portfolio in the past few quarters. COP’s total natural gas production has fallen 6.4% from Q3 2017. In fact, compared to Q2 2017, its natural gas production has recorded a fall of 22%. In this period, COP’s natural gas volume in the lower 48 states has almost been cut in half. However, crude oil production from this region has risen ~34% since the second quarter of 2017.
Looking at what's behind the current market sell-off, with Sandip Bhagat, Whittier Trust, and Hugh Johnson, Hugh Johnson Advisors.
Barry James, James Investments, and Michael Cuggino, Permanent Portfolio, discuss the days's big Dow drop and how investors should position themselves for a potential slowdown.