Oil and natural gas company ConocoPhillips(COP Quote) has been rated a buy since March 2005. Its rating is based on the company's increased volume production, improved margins and higher operating cash flow. Since ConocoPhillips's performance is so dependent on achieving its upstream, or exploration and production, targets, any downturn in that sector would adversely affect its results. In the coming months, OPEC production quota reductions affecting Venezuela and Libya are expected to reduce the production volume.
Rio de Janeiro energy company Petroleo Brasileiro(PBR Quote) has had a buy rating since March 2005. The company's strengths include stellar revenue growth, a steady pattern of EPS growth, improved return on equity and impressive increases on net operating cash flow. Though Petrobras might have a few minor weaknesses, they are unlikely to have a significant impact on results.
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
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