Option Investor
New Plays

New Plays

Printer friendly version

COP $91.84 - ConocoPhillips

Finally ConocoPhillips came down to our level. The opening dip on Thursday hit 89.50 and triggered our entry at $90. The dip came on a refinery accident in Louisiana. COP said there was no production loss and 3 workers had been burned by steam.

Company Info:

ConocoPhillips is an international, integrated energy company. It has six operating segments. Exploration and Production segment explores for, produces and markets crude oil, natural gas and natural gas liquids. Midstream segment gathers, processes and markets natural gas, and fractionates and markets natural gas liquids, primarily in the United States and Trinidad. Refining and Marketing segment purchases, refines, markets and transports crude oil and petroleum products. LUKOIL Investment segment consists of its equity investment in the ordinary shares of OAO LUKOIL. The Chemicals segment manufactures and markets petrochemicals and plastics on a worldwide basis. Emerging Businesses segment includes the development of new technologies and businesses outside the Companys normal scope of operations. In October 2007, American Electric Power Company, Inc. sold its 50% interest in the Sweeny Cogeneration plant in Texas to ConocoPhillips.

Breakdown trigger: $90

Position: 2010 $100 LEAP Call YRO-AT @ $11.70


Leaps Trader Play Archives