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This year will be an "inflection point" for ConocoPhillips (COP +1.2%), CEO Ryan Lance tells...

This year will be an "inflection point" for ConocoPhillips (COP +1.2%), CEO Ryan Lance tells shareholders at the annual meeting, and COP's long-awaited production growth rebound will begin by Q4 of this year and into next year as $8.5B in asset sales puts cash on the balance sheet to fund development and grow its dividend. There's a "clear line of sight" to production of 1.9M boe/day by 2017, Lance says.
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Comments (2)
  • AdamDivy
    , contributor
    Comments (417) | Send Message
     
    Grow that divi! Long COP.
    14 May 2013, 01:33 PM Reply Like
  • Aikman
    , contributor
    Comments (144) | Send Message
     
    Future looking really bright for COP. Nice valuation, nice dividend, good fundamentals... This is a great buy.
    Long COP and very confident about it, will add to position
    14 May 2013, 01:59 PM Reply Like
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