Playing Oil, Upstream and Downstream
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Playing Oil, Upstream and Downstream

Tehrān : Iran | Sep 19, 2012 at 12:31 PM PDT
Source: The Motley Fool
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The first thing to notice is that analysts see ConocoPhillips and Phillips 66 trading at a richer forward earnings multiple. One reason for this is that spin-offs (as Joel Greenblatt notes) tend to outperform the market two years post-split, so this is likely to encourage a richer valuation projection... FULL ARTICLE AT The Motley Fool
 
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