ConocoPhillips (COP) Offering Possible 7.99% Return Over the Next 26 Calendar Days

ConocoPhillips's most recent trend suggests a bullish bias. One trading opportunity on ConocoPhillips is a Bull Put Spread using a strike $72.50 short put and a strike $67.50 long put offers a potential 7.99% return on risk over the next 26 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $72.50 by expiration. The full premium credit of $0.37 would be kept by the premium seller. The risk of $4.63 would be incurred if the stock dropped below the $67.50 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for ConocoPhillips is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for ConocoPhillips is bullish.

The RSI indicator is at 68.99 level which suggests that the stock is neither overbought nor oversold at this time.

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Oando Energy Resources increases deposit for acquisition of Nigerian Upstream Oil and Gas Business of ConocoPhillips
Fri, 18 Apr 2014 04:41:00 GMT
PR Newswire – Oando Energy Resources Inc. (“Oando Energy Resources” or the “Company”) (OER.TO), a company focused on oil and gas exploration and production in Nigeria, today announced that, further to its press release dated March 28, 2014, the Company has paid a previously agreed upon deposit of $25 million for the extension of the outside completion date for the acquisition of the Nigerian Upstream Oil and Gas Business of ConocoPhillips (COP). This news release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws. The use of any of the words “expect”, “anticipate”, “continue”, “estimate”, “objective”, “ongoing”, “may”, “will”, “project”, “should”, “believe”, “plans”, “intends” and similar expressions are intended to identify forward-looking information or statements. In particular, this news release contains forward-looking statements relating to intended acquisitions. Although the Company believes that the expectations and assumptions on which such forward-looking statements and information are reasonable, undue reliance should not be placed on the forward-looking statements and information because the Company can give no assurance that such statements and information will prove to be correct.

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