NYSE:COPOil and Gas
A look at ConocoPhillips’ valuation as Citgo share sale approval strengthens its potential creditor recovery prospects
A U.S. judge’s approval of a $5.9 billion Citgo-related share sale could hand ConocoPhillips a meaningful payout as a major Venezuela linked creditor, potentially tightening up its balance sheet and future cash returns.
See our latest analysis for ConocoPhillips.
The potential windfall from the Citgo share sale comes as ConocoPhillips’ share price, now at $89.29, has delivered a negative year to date share price return. Its five year total shareholder return of 150.48% still underlines strong...