On November 10, super-independent ConocoPhillips (NYSE:COP) hosted its annual analyst day and gave investors some guidance on what the firm plans on doing. After a solid Q3 report, the company was coming in with a strong hand to play. Last quarter, ConocoPhillips generated enough cash flow to cover both its capital expenditures and its dividend. Cash flow neutrality means its outspend headache is over (as long as Brent stays around $50) and asset sales and/or debt issuance won’t be required to preserve its strong liquidity position.
Even as ConocoPhillips effectively breaks even....More>>>