Should You Buy ConocoPhillips With Oil Below $75 a Barrel?
Wall Street analysts are wrong, and Conoco's earnings will grow faster than you think.
Should You Buy ConocoPhillips With Oil Below $75 a Barrel?
Overview
On Feb. 27, oil markets closed with West Texas Intermediate (WTI) crude oil at about $67 a barrel, and a share of ConocoPhillips (NYSE: COP) could be bought for less than $113.
As of June 22, WTI costs just a little more than $74 a barrel -- 10% more expensive -- while Conoco stock has fallen below $110, 2.5% cheaper than four months ago.
Details
And I ask you: Does this make sense?
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.
