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ConocoPhillips: Protecting The Dividend Without Cash Flow

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Summary

  • ConocoPhillips continues on a plan to cash flow neutrality by 2017.
  • The company plans to cut capex and operating expenses in order to continue affording the large dividend.
  • Due to high dividends and limited stock losses during the oil collapse, the stock isn't attractive for new investors.
   During the analyst day, ConocoPhillips (NYSE:COP) provided an interesting shift in strategy to unconventional drilling in North America. While at the same time, the energy exploration and production company continued sticking to a long held policy that doesn't benefit the stock long term.


Read the full article on Seeking Alpha.


Disclosure: No positions mentioned.  Please read the disclaimer page for more details.

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