Can someone please explain this for me https://www.macroaxis.com/invest/ratio/COP--Probability-Of-Bankruptcy
Is this at all accurate? Is COP in more distress than its peers?
3 replies (most recent on top)
The numbers are based on current numbers. Lower oil prices and the probability of bankruptcy increases. Higher oil prices and the probability of bankruptcy decreases. The peers are not identified. Identifying the peers is one challenge for ConocoPhillips. As the "World's Largest Independent E&P Company" Conocophillips is neither a traditional company nor an agile company. The agile companies moved in quickly and will depart quickly. The agile companies are based on high risk and high returns for the investors. The traditional companies are not high risk and not high returns for the investors. But ConocoPhillips is focused on high risk (fracking) with the expectation of low risk. ConocoPhillips build a big box store when a pop-up shop would suffice.
Doubt it - they may destroy every penny of shareholder value, to the point that a sale is demanded. However, I doubt they'll ever file ch 11.......
I got laid off so part of me somewhat enjoys seeing cop in pain, however, bankruptcy will likely never happen. Look at rock energy, penn west and lightstream. They are in way worse position than cop and they are still afloat