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Barchart
Mark R. Hake, CFA

ConocoPhillips Stock Looks Cheap with Strong FCF - Shorting OTM Puts Works Here

COP ConocoPhillips OTM Barchart Yahoo Finance

ConocoPhillips (COP) generated over $3.5 billion in free cash flow (FCF) last quarter and could be even more this quarter with higher energy prices. That makes COP stock look cheap now, despite not raising its dividend.

COP is at $96.05 in midday trading, well up from its recent lows, but still off its highs of over $105 earlier in Q2. However, given its strong FCF, its underlying value could be worth over 60% more at $154 per share. This article will show why. 

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