Energy prices are still hovering lower than we would like, but investors and wall street have voted confidence in our plans - COP stock price is performing very well versus our peers.
You will probably hear the one miserable whiner on this board respond that Bartlesville and the ELT are blah blah blah...oh and that there are too many managers. But the bottom line is things are looking up finally.
Ignore Mr. They fired me
Did you write this post Ryan? Or was it Ellen?
@OPfXImz-1dtf... don't be an idiot by attempting to bring polotics into this!
I just looked at the numbers and you are right - COP is rocking and rolling along compared to many of our peers. It is still not good compared to most other industries (much better than retail!), but it is good to see that Wall Street is happy about our plan and our ability to execute it.
Lets see how it looks after the next announcements.
For as many shares as they've bought back, I would hope it would outperform peers. Still poor performance, the market just doesn't like anything COP is pitching. Large buybacks are a key sign of a company that doesn't believe in itself enough to make capital investments and invest for the future.
COP traded as an "independent" E&P company on May 1, 2012 w/ essentially the same ELT & BOD in-place. The following is a summary of stock price comparison for the premier shale independents (Pioneer, EOG & Concho) on May 1, 2012 (05.01.12) & July 20, 2017 (07.20.17). Also included are the premier US integrated major E&P companies (Chevron & ExxonMobil). COP has noticeably under-performed in the same oil price environment suggesting the problem is w/ management. During periods of high oil pricing, management is more than willing to take credit for stock performance. During low price environment, dismal stock performance is blamed on oil pricing. Can't have it both ways.
Pioneer(PXD): $126.13/s (05.01.12) INCREASED to $163.28/s (07.20.17)
EOG: $55.62/s (05.01.12) INCREASED to $93.66/s (07.20.17)
Concho(CXO): $107.10/s (05.01.12) INCREASED to $126.47/s (07.20.17)
COP: $56.51/s (05.01.12) DECREASED to $43.21/s (07.20.17)
Chevron(CVX): $108.27/s (05.01.12) Decreased to $104.63/s (07.20.17)
ExxonMobil(XOM): $87.04/s (05.01.12 Decreased to $80.86/s (07.20.17)
Dividend:
Chevron(CVX): $3.24/s (05.01.12) INCREASED to $4.32/s (07.20.17)
ExxonMobil(XOM): $2.24/s (05.01.12) INCREASED to $3.08 (07.20.17)
ConocoPhillips(COP): $2.64/s (05.01.12) DECREASED to $1.06/s (07.20.17)
Based on what numbers? Don't be like a fool Trump supporter and make claims to suit your theory without evidence. Most these nut cases can't count past 10, so I won't blame you.
Peers, what peers? Most other companies have successful exploration
groups. Drink more COP Kool-Aid friend, and maybe one day you'll be
a manager with a brown nose.
COP stock price is performing well? What planet are you on?
I hope there is light at the end of the tunnel, but I'm just curious to know. Did you just respond to yourself twise? 😂
I cant wait to hear what our negative friend has to say about the good news. We probably have to wait for him to finish his bottle of whiskey and get back to the keyboard to start his next rant on Bartlesville and L48 managers.
Great point - I just did a quick study and indeed we are outperforming. There is still some hard days ahead, but light at the end of the tunnel.