Bullish comments for Conoco Phillips (COP)

Current Stock of COP is about $54.

"Today, you can buy ConocoPhillips for $58 a share, or an enterprise value of $100 billion. At these prices, you are paying 5 times earnings and getting 8.8 billion barrels of proved reserves, along with other wonderful options, such as a 20% stake in Russia's Lukoil.

Compare that with PetroChina. The Chinese oil company, which is a fine business itself, currently trades at an enterprise value of $146 billion. It holds about 11.8 billion barrels worth of oil and oil equivalents and trades at 9 times earnings. Or compare it with Petrobras, the Brazilian oil giant, which fetches a price-to-earnings ratio of 12, an enterprise value of $130 billion and 11.6 billion barrels of proved oil and oil equivalents.

In other words, to be able to own ConcoPhillips at these current prices, with interests in Russian oil and other petrochemical assets around the globe, for 5 times earnings is an opportunity that won't last. Just to give you an idea of how profitable it is, last year Conoco pulled in nearly $12 billion in profits selling oil at an average cost of $67 a barrel."-Stock Article Link