Buy ConocoPhillips: Highest Dividend Yield In E&P Sector, Focus On Targeted Growth

ConocoPhillips (COP) recently closed a transaction for the divestiture of its stake in its Russian joint venture in NaryanMarNefteGaz (NMNG), to LUKOIL, which is in line with the company's policy to divest non-core assets and target high growth investments. The company's recent earnings announcement is also of keen interest, and provides a key insight into the future profitability of COP. We maintain our positive stance on the stock; however, we highlight the increasing CAPEX and decreased cash flow from operations as a red flag. Company Overview ConocoPhillips is the largest independent exploration and production (E&P) company... Read more