Enterprising Investor Forum

It seems that the market does not want to recognize the true value in ConocoPhillips (COP), despite its strong fundamentals, solid Financial & operational results and the fact that Buffett and Soros believe in their prospects.

Some observes have been critical of the Burlington deal and that fact that they are pursuing aggressive and potentially risky investments in Asia and the Middle East along with their non controlling stake in Lukoil. However, we feel that they are positioning themselves for greater rewards in the future. These are the kind of opportunities we like when the market seems to take a bearish view of these recent investments (i.e. potential political and economical turmoil in Russia) rather than focus on the incredible opportunity and the upside potential that their investments can deliver.

With fair value estimates from various analysts and publications ranging between 100 and 120 USD, their current price and the fact that they have just increased the dividend by almost 15%, we think that ConocoPhillips is an interesting value play.

Please read our disclaimer.