Earnings up,
Paid small amount of debt,
What do you think?
5 replies (most recent on top)
RL, board of directors, listen up. Your gravy train has ended. Along with all the others leaving involuntarily, you have 5 minutres. Security will escort you and you can pack your office. You're FIRED.
The earnings report included the following head-scratching statement:
"We believe ConocoPhillips offers a differentiated strategy, one that can deliver CONSISTENT DOUBLE DIGIT RETURNS to shareholders through the cycles"
There was not one word that it was five years ago that COP spun-off Phillips 66 on May 1, 2012. On that day, COP traded @ $56/share and paid quarterly dividend of $0.66/share. Today, 5 years later, COP trades @ $48 per share and pays a quarterly dividend of $0.265/share. What has the ELT and BOD been doing the last 5 years. There are just better historical performance based investment alternatives.
COP is awkwardly positioned. Why would anyone invest in this company? There are other energy companies that pay a higher dividend (XOM, CVX, Total, BP, Statoil...). There are other pure play upstream companies (EOG, Pioneer...) that are more efficient, particularly in the shale plays. Just having difficulty coming up w/ any reason to invest in this company. Think the analysts and investment community are of same opinion.
stock price taking a beating
Loss before accounting gain on sale worse than expected; ELT's crony incompetence coming home to roost. Fire them all.