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investor88's
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The $12 earnings for 2008 [single digit p/e ratio for a blue chip with strong future prospects] and the basic strength of the company would suggest that this is good entry level for investors with a view of 1 year or more. $100 is achievable target for end 2008 especially if oil price rebounds as Goldman predicts it will to us$149 by end of year. "take advantage of this sell off to increase energy holdings across the board" - I agree!
Jul 18 09:45 am
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All Comments by investor88 »ConocoPhillips: Why the Sell-off? [View article]