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$91.84 1.09 (1.20%)
7/3/2008 1:01 PM

ConocoPhillips (COP)

CAPS Rating:
*****

An international, integrated energy company organized into six operating segments: Exploration and Production, Midstream, Refining and Marketing, LUKOIL Investment, Chemicals and Emerging Businesses.

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Avatar woozie2 (< 20) Submitted: 3/13/08 1:05 AM : Outperform Start Price: $76.77 COP Score: 22.18

COP is way undervalued at current price of oil. PE is ridiculously low for a big cap company like this. To make them even more attractive is they are the largest refiner in the U.S. at a time when refining is profitable.

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Avatar JDSancho (98.85) Submitted: 5/07/08 10:53 AM

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However, refining is not profitable right now.

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Avatar NJStockGuru (99.14) Submitted: 5/08/08 3:15 AM

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COP is undervalued, but it has nothing to do with refining being profitable. When the price of oil goes up, the crack spread (the company's profit margin) gets put under pressure. Therefore, pure play refiner's profits are negatively impacted by higher oil prices. COP is an international integrated oil company with exposure to natural gas, exploration, etc...This is why they are profitable.

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Avatar kahunacfa (< 20) Submitted: 5/13/08 4:34 PM

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I did not recommend this stock "for refining" nor did I recommend this company for "right now" - simple as that. I am a long-term investor, the short-term is just noise.

I bought Maui Land & Pineapple in March 1972 because the company's land holdings were on the books at prices from the 1850s, not current market valuations. I still own Maui Land & Pineapple. I try to eat at least one fresh pineapple every week.

Kahuna,CFA

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Avatar NJStockGuru (99.14) Submitted: 5/19/08 8:04 AM

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OK, fair enough. I like it and own it as well.

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Avatar litscmj (< 20) Submitted: 5/25/08 6:55 PM

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Hadn't updated my post. Although refining margins are (crack spread) is a little thin at the momement, this company still has a little room to run. Besides, it is more than just a refiner. It is also benefits from the higher crude prices, has 2 refineries that can run the cheaper sourer crude, has a huge natural gas component and is rumored to be getting involved in the Baaken find. I'm still researching that rumor so its not tradeable yet. However, I'm thinking it may be time to start scaling back my position which I'll do next week. I'm sitting on a 23% gain in 3 months and although I still llike the story, my position and gain is too large..You gotta know when to fold em!

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