Houston, Texas-based ConocoPhillips (COP) is the third largest oil company in the US, and along with TransCanada (TRP) will spend around $5.2 billion on the Keystone pipeline to transport 590,000 barrels per day by 2009 across the continental US to the Midwest refineries.
The first phase of the Keystone pipeline will move around 530,000 barrels a day of Alberta sands crude to the US Midwest by 2009, is now under construction, and will eventually extend from Illinois west to Nebraska, merging the two phases to head south. The capacity addition would facilitate the processing of output...
Oil is at an all-time high. There's not a lot of it left out there. So everyone is looking for alternatives. Nuclear power is too politically hot, despite the fact that it's so clean. Natural gas is cleaner than coal,if not as cheap.
1.3rd largest integrated oil and gas company in the US
2.5th largest refiner in the world
3.investment in Lukoil will continue to pay off as there is a chance that Russia will invite foreign companies for exploration and production activities in the future.The CEO of Rosneft has come out with a statement saying that oil production in Russia has peaked.While there is a lot of oil left in Russia,it will require a lot of investment and advanced technology to g...
Our continued positive outlook for ConocoPhillips s shares reflects the company s strong position in the politically stable OECD markets and attractive valuation. The company has significantly strengthened its upstream portfolio through its Burlington and LUKOIL transactions and remains a premier domestic refining player. The recent alliance with EnCana further cements its upstream and downstream prospects. We have raised our earnings estimates ahead of the company s first-quarter 2008 results to reflect strong commodity prices. Our new 2008 and 2...
The accompanying chart presents an 8-week analysis of global coal futures prices as a follow-up to my previous 5-month analysis last month, Market Vectors Coal ETF (KOL), PowerShares Global Coal ETF (PKOL), S&P 500 ETF (SPY), U.S. Natural Gas (UNG) + Oil (USO) Funds, and the Energy Sector ETF (XLE). The global price of coal is tracked by the near-month coal futures contracts from the U.S. (QL – Central Appalachian NYMEX Coal Futures), South Africa (AFR – Richards Bay ICE Coal Futures), and Europe (ATW – Rotterdam ICE Coal Futures) – posting a decline of 38% on an equally-weighted average of
Except for the chosen ones -- CEOs and the like who have outrageous salary and benefit packages -- almost nobody has been able to escape the financial pain in the world today.
Recap of CNBC's Fast Money Program, Monday November 17.
Painful Days and Mondays: XLF (XLF), BBT (BBT), Vornado (VNO), IYR (IYR)
Amid news of a spreading global recession reaching Japan, Citigroup’s 52,000 job cut, and Treasury Secretary Henry Paulson’s postponement of a concrete solution until the next administration, stocks dropped dramatically on Monday. Guy Adami said the situation is “extraordinarily precarious” and thinks if the Dow closes below 7800, it will dip further to 6000. Tim Seymour said with so much uncertainty about policy, he wouldn’t trade in this market. Pete Najarian
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About ConocoPhillips
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Except for the chosen ones -- CEOs and the like who have outrageous salary and benefit packages -- almost nobody has been able to escape the financial pain in the world today.
