This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Safe Energy Investments for 2011: Analysts

ConocoPhillips (COP - Get Report)

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

Major integrated energy company ConocoPhillips is another one of Weiss' favorite integrated stocks thanks to its ambitious plans to return cash flow to shareholders.

"The company's restructuring program continues to move forward," Argus Research analysts say in a report. ConocoPhillips wants to return 40% of its cash flow to shareholders every year and has gone through a multi-year restructuring program as part of its efforts to reach this goal.

Last year, ConocoPhillips sold assets worth $7 billion and shares in Russian oil giant Lukoil worth $8 billion, reduced debt by $5 billion, and according to Weiss, improved the profitability of its upstream business on a per barrel basis. In first quarter 2011, ConocoPhillips completely exited its Lukoil position and has plans to dump another $5 billion to $10 billion in assets in 2011 and 2012. "As with its previous transactions, management is targeting those assets that have relatively higher associated costs, which should benefit margins, cash flow and net income per barrel," the Argus equity research team said. Weiss has a buy view and $95 target on the stock.

4 of 7

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
NE $16.94 0.00%
BP $42.89 0.00%
COP $67.69 0.00%
CVX $109.11 0.00%
HAL $46.89 0.00%

Markets

DOW 17,826.30 -279.47 -1.54%
S&P 500 2,081.18 -23.81 -1.13%
NASDAQ 4,931.8150 -75.9760 -1.52%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs