October 8, 2019 - 9:20 AM EDT
Print Email Article Font Down Font Up Charts

Should Investors Buy or Sell ConocoPhillips Right Now?

Oil prices have remained volatile since the initial attack on Saudi Arabia's oil facilities. Taking these geopolitical risks into consideration, analysts and shareholders alike have begun to consider how further spikes in oil prices would impact energy stocks. While it is easy to get wrapped up in the day-to-day developments shaping the oil and gas markets, it is also important to take a step back and look at things from a long-term perspective.

One energy stock I recently looked at is ConocoPhillips (NYSE: COP). The $284 billion energy giant undertook a significant shift back in 2012 when it split off its nondrilling business to focus only on upstream operations, differentiating itself from rival energy companies. Over the past six months, however, its share price has fallen by 17%. Following its recent decision to sell off its oil assets in the North Sea to focus on other areas, it will be interesting to see where ConocoPhillips will go in the future.


Continue reading

Source: Motley Fool (October 8, 2019 - 9:20 AM EDT)

News by QuoteMedia

Legal Notice