The Silver Lining for ConocoPhillips

A look at ConocoPhillips stock history may not be a favorable sight for prospective investors, especially the lack of stability in the trend over the past six months. A deeper insight however, may work in the favor of COP. Despite facing low gas demand in one of their key markets (Alaska), the company is looking to intensify its business operations there; giving us a glimpse of the confidence the upper brass of ConocoPhillips garners regarding the future. The recent news of the US Department of Energy approving the corporation’s subsidizing request to continue exports of LNG to countries who do not free trade agreements with the US signifies how ConocoPhillips is set to fulfill the local demand. It is then safe to suggest that there would be further strengthening of the trend that grips the ConocoPhillips stock chart in the coming months. A glance would be enough to see that since the 2008 crash, the company’s stock prices have enjoyed only an upward spiral with only a few blips.

ConocoPhillips’s potential stockholders had something positive to look forward to when the company last issued its quarterly earnings data on Thursday, January 30^th. On average, analysts predict that the company will have earnings as much as $6.11 per share for the current fiscal year. Apart from this ConocoPhillips stock will also benefit from the fact that COP is expanding its productive potential, since they have raised estimates on Eagle Ford recoverable resources. Ryan Lance, CEO and chairman for ConocoPhillips added that in the current year the company will be expanding its production and will allocate ninety-five percent of their annualized capital expenses on production. Welcoming news for potential COP shareholders.