Stuart HinshelwoodConocoPhillipsCOPPAST TOP PICKFeb 18, 2014
(A Top Pick April 19/13. Up 18.39%.) Still likes. As energy stocks sold off coming into the new year, they were pressured like everybody else. Earnings were somewhat mixed. Valuations are still reasonable, especially since the stock has pulled back.
He remains overweight energy in this name and others. Oil is a great hedge to geopolitical risk, like a flare-up in Iran or the Russian war. Also, we're entering summer driving season. Also, oil will benefit from a rotation into the value trade. Oil companies are fundamentally sound.
Energy remains a favoured sector as oil and gas prices remain up from supply constraints. A large, diversified operator with lower production costs. Trades at 10x, a little expensive, but still high quality.
A good proxy for the energy sector. Can't comment on short-term trading, because it all depends on where crude oil and nat gas prices go. It's a well-run company and pays an okay dividend, though not high.
(A Top Pick Jun 24/21, Up 55%) He's adding to this. Energy remains attractive as oil prices remain firm. The current pullback in oil prices opens an opportunities. Pays a 2% dividend. 10% free cash flow. Will buyback shares and pays dividends.
(A Top Pick Mar 03/22, Down 5%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with COP has triggered its stop at $93. To remain disciplined, we recommend covering the position at this time. This will result in a net investment gain of 50%, when combined with our previous buy recommendation.
(A Top Pick Mar 03/22, Up 64.8%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with COP is progressing well. We now recommend trailing up the stop (from $80) to $95 at this time.
Stockchase Research Editor: Michael O’Reilly The recent tragic events in Ukraine underscore the urgency of security of energy supply and that is why COP is reiterated as a TOP PICK. With holdings in the most prolific basins in the US -- Eagle Ford shale, Bakken shale, and Delaware Basin and term debt that is only 23% of the capital structure makes this a good strategic fit. We also like that they have building cash reserves while paying down debt and buying back shares and it pays a dividend backed by a payout ratio of 33% of cash flow. We recommend trailing up the stop (from $50) to $80, looking to achieve $115 -- over 16% upside. Yield 1.45% (Analysts’ price target is $103.56)
(A Top Pick April 19/13. Up 18.39%.) Still likes. As energy stocks sold off coming into the new year, they were pressured like everybody else. Earnings were somewhat mixed. Valuations are still reasonable, especially since the stock has pulled back.