ConocoPhillips downgraded on profit estimate cut
ConocoPhillips is under “a number of dark clouds” having cut its profit estimates and facing a dim outlook for oil and natural gas prices, an analyst said Wednesday as he downgraded the stock.
This is the 3rd largest U.S. Oil Company.
“ConocoPhillips’ upstream production is expected to remain flat over the next five years, which compares poorly among its integrated peers,” he said.
About Sharon Wilson
Sharon Wilson is considered a leading citizen expert on the impacts of shale oil and gas extraction. She is the go-to person whether it’s top EPA officials from D.C., national and international news networks, or residents facing the shock of eminent domain and the devastating environmental effects of natural gas development in their backyards.
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I have no sympathy for the SOB’s. Hope they all go broke. They have been ripping us off for years now.
It’s always a pleasant surprise to receive good news for a change!
Yeah, let them go to the cellar!