Why ConocoPhillips Rallied on Monday
Shares of U.S. oil and gas major (NYSE: COP) rallied as much as 6.5% on Monday, before settling into a 3.2% gain as of 12:42 p.m. EDT.
Conoco, along with other U.S.-based oil and gas producers, oil services companies, and refiners, rallied today in response to the U.S. ousting Venezuelan President Nicolás Maduro last Friday night.
This past weekend's events could open up Venezuela's vast oil and gas reserves to U.S. companies. Moreover, ConocoPhillips, in particular, is owed billions by Venezuela, which seized the company's assets back in 2007.
Source Fool.com
ConocoPhillips Aktie
83,01 €
-0,18 %
Die Aktie ist durchaus ein Favorit unsere Community mit 69 Buy-Einschätzungen und 1 Sell-Einschätzungen.
Das von der Community festgelegte Kursziel für ConocoPhillips von 100 € impliziert eine deutliche Steigerung gegenüber dem aktuellen Kurs von 83.01 €.
