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Why ConocoPhillips Rallied on Monday

TheMotleyFool 
0 0 05.01.26
Why ConocoPhillips Rallied on Monday: https://g.foolcdn.com/editorial/images/849567/gettyimages-959381934-1.jpg
 

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.

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Source Fool.com

ConocoPhillips Stock

€100.74
0.060%
There is nearly no change for the ConocoPhillips stock today. Compared to yesterday it only changed by €0.060.
With 76 Buy predictions and 1 Sell predictions ConocoPhillips is one of the favorites of our community.
At the moment ConocoPhillips has reached the predicted target price of 101 €, with a current price of 100.74 €.
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