Cenovus Bets On SAP Technology To Save The Company's Marginal Oil Sands Production [Seeking Alpha]
ConocoPhillips (COP)
Last conocophillips earnings: 4/30 07:00 am
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US:NYSE Investor Relations:
conocophillips.com/investor-relations/investor-presentations
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Source: Seeking Alpha
Cenovus Bets On SAP Technology To Save The Company's Marginal Oil Sands Production Summary Since the big oil sands deal with ConocoPhillips, Cenovus has been struggling mightily to gain traction. The stock is still down ~30% since the big deal with COP, despite significant progress in debt reduction and streamlining operations. A new solvent aided process ("SAP") could help reduce the company's SAGD operations' breakeven point (and the company's emissions). Yet, Cenovus' marginal oil sands production continues to struggle in an era of $55/bbl WTI and a Western Canada exit pipeline capacity constraint. CVE Source: Yahoo Finance Yet Cenovus has made decent progress in paying down debt and a recent return to being free-cash-flow ("FCF") positive. Those analysts that continually touted Cenovus' excellent "cash flow" growth apparently didn't realize that it is announced Note, the company's financial returns have gone up even as total production shrank by 15% yoy: Q2 EPS Report It looks lik
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News
- ConocoPhillips (COP) Stock Moves -0.19%: What You Should Know [Yahoo! Finance]Yahoo! Finance
- Don't Sweat ConocoPhillips Stock's Recent Breather [Yahoo! Finance]Yahoo! Finance
- Morgan Stanley upgrades Energy to overweight - Here is why. [Seeking Alpha]Seeking Alpha
- Marathon Fitness Celebrates Women's History Month [Yahoo! Finance]Yahoo! Finance
- ConocoPhillips (NYSE: COP) had its "neutral" rating re-affirmed by analysts at Mizuho. They now have a $139.00 price target on the stock, up previously from $132.00.MarketBeat
COP
Earnings
- 2/8/24 - Beat
COP
Sec Filings
- 3/26/24 - Form 144
- 3/26/24 - Form 4
- 3/26/24 - Form 4
- COP's page on the SEC website