CVX - ConocoPhillips: What Will It Take To Get Back To $60?

• ConocoPhillips has just about everything going its way these days. Yet the stock is just dead in the water. It cannot even get back to $60.
• And that has been the problem with big US O&G companies for a decade: fully exposed to the down-cycles, and minimally levered to the upside.
• The result is terrible total returns and a market that pretty much has ignored O&G stocks for many years now - very noticeable considering the biggest bull market of our lives.
• Still, it sure is hard to pull the trigger and sell a company that is generating tons of FCF, is already cash rich, and has an A-rated balance sheet.

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