Why ConocoPhillips Stock Just Popped
Conoco stock costs only 12.6 times earnings and pays a decent dividend. It's a good way to play heightened worries about oil supplies.
ConocoPhillips (NYSE: COP) stock is on the rise Friday morning, up 2.5% through 10:55 a.m. ET, on worrisome news from the Middle East.
On Thursday evening, Israeli warplanes struck multiple targets in Iran, resulting in drone strikes from Iran on Israel. Investors are nervous that conflict in the Middle East will threaten the supply of oil from Mideast suppliers, raising oil prices.
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