Opinions John Petrides
ConocoPhillipsCOPTOP PICKOct 24, 2017
John PetridesOwned
$50.99
Stock price when the opinion was issued
$120.26
As of Jul 24, 2026. Market Open.
integrated oils
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DON'T BUY
For oil energy, pessimism on supply was really priced in on March 26. Since then, oil names have retraced. Oil is a significant portion of the economy, and that's why it causes inflation.
With oil prices coming down on the back of peace breaking out, the narrative and fund flows are going to be somewhat negative. Capital will move to other areas. The price will be higher than it was pre-conflict, but we'll have to see what this "new normal" price will be. And he wouldn't buy any energy names till that shakes out.
integrated oils
BUY
PAST TOP PICK
(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.
Stan WongOwned
integrated oils
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Premium contentPAST TOP PICK
(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.
integrated oils
2016 was the year management would like to forget. They were caught with their pants down when oil prices collapsed in Jan/Feb 2016, to the point where they had to cut their dividend. They went back to the drawing board. Had an analyst’s day at the end of 2016, where they said they were going to sell $5-$8 billion of assets in 2017. They sold over $13 billion of assets already, and have used that to repair the balance sheet. They’re buying back stock. Thinks they are positioning the company in a position of strength in an environment in the energy sector, which is going to continue to be volatile. Dividend yield of 2.1%. (Analysts’ price target is $53.)