Jun. 1 at 6:31 PM
$XOM Take a look at this too -
$COP Bull Case: Target
$135-
$140 next 2-3 weeks 🚀
Why ConocoPhillips is the ultimate safe-haven play right now:
1️⃣ Hormuz Chokepoint: With Iran actively threatening to block the Strait of Hormuz, 20% of global oil supply is at risk. Trump’s "negotiations are over" stance means a long-term geopolitical premium is now officially locked into crude.
2️⃣ Zero Middle East Risk: Unlike peers with complex foreign assets,
$COP is a pure-play upstream explorer with production safely insulated in the US Permian Basin, Alaska (Willow Project), & North Sea. If Middle East oil drops, Western barrels get aggressively bid up.
3️⃣ Pure Margin Capture:
$COP doesn't own high-overhead refining networks. They pump and sell raw crude at spot prices. Every
$10 spike in oil goes straight to free cash flow.
Targeting a quick breakout past the 52-week high (
$135.87) to hit
$140 as estimates get revised. Bullish. 🛢️🔥
