Why ConocoPhillips (COP) is a Great Buy Amidst the LNG Boom

ConocoPhillips (NYSE:COP) is included among the 12 Best LNG Stocks to Buy According to Hedge Funds.

ConocoPhillips (NYSE:COP) has a 60-year history of leadership in LNG, and its proprietary Optimized Cascade Process liquefaction technology provides more than 120 MTPA of the world’s LNG supply capacity. It was reported earlier this month that the company has been contracted to deliver this technology for the 26 mtpa export facility in Louisiana, being developed by Monkey Island LNG.

ConocoPhillips (NYSE:COP) continues to advance its global LNG strategy by building a ‘flexible and reliable LNG supply network’ to meet rising demand. The company recently signed a long-term sales and purchase agreement to purchase 1 mtpa of LNG from the Rio Grande LNG project under development by NextDecade Corporation in Texas. Similarly, ConocoPhillips also announced in August that it would secure 4 mtpa of LNG from Sempra’s Port Arthur LNG Phase 2 project to serve key global markets.

ConocoPhillips (NYSE:COP) is one of the world’s largest independent E&P companies based on oil and natural gas production and proved reserves.

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Disclosure: None.