The title alludes to my feeling that the biggest challenge facing mankind (especially mankind in the USA) is not "global warming", but a future in which worldwide oil supply will not keep pace with worldwide oil demand. I have often commented on Seeking Alpha that the "oil problem" has the ability to induce catastrophic consequences by 2015 and is therefore the more imminent issue to be addressed. Since the solutions to both global warming and the "oil problem" are the same, focusing on the nearer term problem would seem more logical to me. The problem, of course, is that those in power app
In the last month oil has fallen from near $150/barrel to just under $118/barrel, about a 20% retracement. The talking heads on CNBC yesterday were celebrating this fact and talking up a much further drop in the price of crude.
Meanwhile, the past month was simply disastrous for those invested in oil and natural gas stocks (like yours truly). Money managers and analysts are now advising investors to jump into the financial and retail stocks and shun commodity investments like energy. Is the energy play over? What has fundamentally changed in the energy arena to substantiate the sell-off in
Wow, I go hiking and fly-fishing in the South San Juan Wilderness for four days and come back to this?! ConocoPhillips (COP) was at $88 when I departed and now that I am back in Wi-Fi space I log in to find it trading at $81 and change? What in the world happened? I figure oil must have dropped to $50/barrel or that natural gas must be trading at $5. Hmmm... nope, oil is at $130... natural gas at $10.60. Perhaps COP cut the dividend? Nope... no news of that either. The dividend is yielding over 2% and if history is any indication, more dividend rate increases are surely in the cards.
Houston, Texas-based ConocoPhillips (COP) is the third largest oil company in the US, and along with TransCanada (TRP) will spend around $5.2 billion on the Keystone pipeline to transport 590,000 barrels per day by 2009 across the continental US to the Midwest refineries.
The first phase of the Keystone pipeline will move around 530,000 barrels a day of Alberta sands crude to the US Midwest by 2009, is now under construction, and will eventually extend from Illinois west to Nebraska, merging the two phases to head south. The capacity addition would facilitate the processing of output...
7/3 - "With oil dictating everything in this market, I can’t understand why ConocoPhillips (COP) is trading at 7 times next year’s earnings.
It’s not like the earnings estimates are falling. 90 days ago, analysts expected the company to earn $10.43 a share this year and $10.59 next year. Today, the estimates are $12.41 and $13.44, respectively. The consensus five-year growth rate is just 1%, which would mean a drop back to $7.65 a share within five years. I just don’t see that happening, so there should be potential upside surprise to the growth estimates as well."
"Over the last 12 month...
With oil dictating everything in this market, I can’t understand why ConocoPhillips (COP) is trading at 7 times next year’s earnings.
It’s not like the earnings estimates are falling. 90 days ago, analysts expected the company to earn $10.43 a share this year and $10.59 next year. Today, the estimates are $12.41 and $13.44, respectively. The consensus five-year growth rate is just 1%, which would mean a drop back to $7.65 a share within five years. I just don’t see that happening, so there should be potential upside surprise to the growth estimates as well
Leading advisor Jack Adamo, editor of Insiders Plus, reports that a Goldman Sachs analyst has chosen one of the stocks on his newsletter's buy list -- ConocoPhillips (NYSE: COP) -- as his top pick in the energy sector.
"There was an extremely interesting piece recently in Barron's by the oil analyst at Goldman Sachs who predicted $100 oil back in late 2004. We'd been buying energy stocks for almost a year at that point, but, although I expected oil prices to rise, I had no idea they'd go thi
With the economy facing soaring crude oil prices for the past year, consumers and drivers have seen a major impact on their savings. It could seem as though the good old times are over. Gasoline at $4 a gallon is not something we can ignore, and if we take into account that Americans consume nearly 40% of the world's gasoline, you can see where the problems begin. So the surge in oil prices came with an imminent effect on consumers, who had to cut back on their spending.
Barron's magazine interviews highly-followed Goldman oil strategist Arjun Murti, who predicted the current oil "super spike" in 2004. He sees the climb peaking somewhere between $150 and $200 -- which could mean $5.75 gasoline.<!---->
Murti dismisses the notion that speculation is driving oil prices to record highs. If so, he counters, why aren't we seeing supply growth?
Take your pick. Either one is going to make you money. Oil was up over $10 on Thursday and Friday, setting records for both its high price and its US dollar move. In response, the US stock market tanked on Friday and the S&P500 is now down 6.5% for the year.
Reports say US citizens' net worth fell in the first quarter for the second quarter in a row. Talk from Israel about bombing Iran didn't help. If this happens and Iran responds by bottling up the Straits of Hormuz, well then $200/barrel oil will look like a nice bargain and a very severe recession, if not depression, will begin. Of cour
TheStreet.com's Jim Cramer says the companies could deliver money to shareholders without sacrificing growth.
What happens if the oil companies start actually recognizing their good fortune -- their sustainable good fortune -- and start boosting dividends the way that Tidewater (NYSE: TDW) (Cramer's Take) did last week with its 67% hike.
Throughout this great run with oil and gas, it seems that the companies themselves haven't caught up with the good fortun...
I've been investing in ConocoPhillips (COP) going back to when the price was below $60-per-share. Back then the PE ratio was around 9 and the forward PE was around 7.<!---->
The price of oil at that point was $50-a-barrel and natural gas was at $5 per MMbtu. Take a look at where the price of natural gas has gone since then:
1.3rd largest integrated oil and gas company in the US
2.5th largest refiner in the world
3.investment in Lukoil will continue to pay off as there is a chance that Russia will invite foreign companies for exploration and production activities in the future.The CEO of Rosneft has come out with a statement saying that oil production in Russia has peaked.While there is a lot of oil left in Russia,it will require a lot of investment and advanced technology to g...
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 2...
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I figure oil must have dropped to $50/barrel or that natural gas must be trading at $5. Hmmm... nope, oil is at $130... natural gas at $10.60. Perhaps COP cut the dividend? Nope... no news of that either. The dividend is yielding over 2% and if history is any indication, more dividend rate increases are surely in the cards.
With the economy facing soaring crude oil prices for the past year, consumers and drivers have seen a major impact on their savings. It could seem as though the good old times are over. Gasoline at $4 a gallon is not something we can ignore, and if we take into account that Americans consume nearly 40% of the world's gasoline, you can see where the problems begin. So the surge in oil prices came with an imminent effect on consumers, who had to cut back on their spending.
