Opinion on ConocoPhillips (COP) Sector: Energy > Industry: Oil & Gas - Integrated
remains a premier domestic refining player.

Apr 22, 2008 08:52 AM UTC

Armin Stuk

Return	Risk
-7.87%	LOW

Sr. Associate

Profile & Performance

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This pick is about: COP

Rating:	$84.2 (04/22/08)
Gain/Loss:	-10.42% in 138 days
Target:	$100.00 (+18.76%) in > one year

Our continued positive outlook for ConocoPhillips s
shares reflects the company s strong position in the
politically stable OECD markets and attractive
valuation. The company has significantly strengthened
its upstream portfolio through its Burlington and
LUKOIL transactions and remains a premier domestic
refining player. The recent alliance with EnCana
further cements its upstream and downstream
prospects. We have raised our earnings estimates
ahead of the company s first-quarter 2008 results to
reflect strong commodity prices. Our new 2008 and
2009 EPS estimates are $11.10 and $11.45, up from
$10.39 and $10.97 before, respectively
by Zaxks

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