I last covered ConocoPhillips (COP) in the early days of the second quarter. Suffice to say, the stock has not shifted much on the price front since then. Its shares traded for around $32.90 back then, while they currently change hands for around $32.35. That rather disappointing performance comes despite…
Energy
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Exxon Mobil (XOM) surely wins the prize for most unloved mega-cap right now. Market sentiment is horrid, and for good reason too. The price of oil remains way down on its pre-pandemic level, while conditions downstream are bad too. All of that at a time when Exxon wanted to ramp…
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I have held back on talking about Exxon Mobil (XOM) stock during this crisis. This isn’t because I take a negative view on its investment prospects, although I appreciate that may sound crazy in the current environment. Having been optimistic when it traded at $70 a share, it stands to reason…
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Energy infrastructure owner Kinder Morgan (KMI) used to be one of the most popular tickers when I first started reading Seeking Alpha. Admittedly, what follows is a thoroughly unscientific observation, but Kinder Morgan articles used to appear on the front page all the time just a few years ago. It’s not hard…
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From a long-term perspective, purer play oil & gas production companies make me a bit nervous. The reason for that is simple: they require constant vigilance in a way that other companies do not. Occidental Petroleum seems a good example of that in the current crisis. As a result of…
