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ConocoPhillips Stock (NYSE:COP): Will Benefit From Geopolitical Tensions
On the surface, hydrocarbon energy giant ConocoPhillips (NYSE:COP) seems irrelevant. With political and ideological forces pushing for cleaner and sustainable solutions, fossil fuels are no longer relevant. However, there is no end in sight to the Russian military campaign in Ukraine. So, simple math suggests that the price of crude oil will go up, which will favor upstream specialists like ConocoPhillips. Therefore, I have no choice but to be bullish on COP stock. The math shows
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