ConocoPhillips is an independent exploration and production company. The Company explores for, produces, transports and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG) and natural gas liquids. The Company operates through six segments: Alaska, Lower 48, Canada, Europe and North Africa, Asia Pacific, and the Middle East, and Other International. The Alaska segment explores for, produces, transports and markets crude oil, natural gas liquids, natural gas, and LNG. The Lower 48 segment consists of operations located in the United States Lower 48 states and the Gulf of Mexico. Its Canadian operations consist of oil sands developments in the Athabasca Region of northeastern Alberta. The Europe and North Africa segment consists of operations and exploration activities in Norway and Libya. The Asia Pacific and the Middle East segment has exploration and production operations in China, Indonesia, Malaysia, and Australia. Source: Reuters.
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Monday’s close price triggered a long momentum signal based on one of our proprietary strategies. If you are bullishly disposed, you may want to consider the following trade structure:
Trade Structure Profit Target.
Close the Trade Structure after if the fair market value is <50% of Net Debit Paid.