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home / news releases / CXO - ConocoPhillips And Concho: A Big Move


CXO - ConocoPhillips And Concho: A Big Move

  • ConocoPhillips announced a large deal, acquiring Concho in a $12-billion transaction.
  • The deal is large, especially if we take into account the lower valuations across the industry, after energy names have seen tough operating conditions in recent years.
  • I like the deal from a strategic and financial point of view, and while Concho looks cheap, I fail to initiate a position here.

For further details see:

ConocoPhillips And Concho: A Big Move
Stock Information

Company Name: Concho Resources Inc.
Stock Symbol: CXO
Market: NYSE
Website: concho.com

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