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Strategies & Market Trends : Value Investing

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To: Mr.Gogo who wrote (40887)	11/16/2011 11:54:04 AM
From: E_K_S	of 78686

ConocoPhillips to sell $2 billion in pipeline assets Houston-based ConocoPhillips (NYSE: COP) will sell its interests in two U.S. pipeline companies for $2 billion. bizjournals.com The company said Wednesday it will sell its 16.55 percent interest in Colonial Pipeline Co. and Colonial Ventures LLC to a subsidiary of Caisse de Depot et Placement du Quebec. Conoco will also sell its stake in the Seaway Crude Pipeline Co. to a unit of Enbridge Inc. ------------------------------------------------------------------------------ Wonder what they plan to do w/ the $2B. That was a valuable asset so I would think they may look at Oil shale assets in exchange for the pipeline. Just hope they do not over pay. They have upwards of $10B in cash to invest. EKS

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