By Ry Frank:
ConocoPhillips (COP), the sixth placed super major of oil and gas stocks behind Royal Dutch Shell (RDS.A), Exxon Mobil (XOM), Chevron (CVX), BP (BP), and Total (TOT) is revitalizing itself. The company is expanding its exploration capabilities in areas where known reserves are held, while at the same time, raising capital through the selling of assets in order to invest in future gains.
With a huge portion of assets in the U.S. and operations in 40 other countries, ConocoPhillips is raising the bar on how it conducts business. Observing the company’s management strategies is one reason why I firmly believe this company to be one to buy and keep buying as much as possible.
ConocoPhillips is beginning to show a livelier side. The company is shedding excess where needed and beefing up new and current projects, generating more revenue for future exploration. Delta Air Lines recently spent $150 million to
