Even though Warren Buffett may be winding down his stake in ConocoPhillips (NYSE:COP) for ExxonMobil (NYSE:XOM), that doesn't mean investors should shy away from this company. After a couple of years of major asset sales and the spinoff of its refining arm in Phillips 66 (NYSE: PSX), the future could be a very promising one.
One way investors can get a gauge on how Conocopillips will perform in 2014 is to look at its quarterly earnings, which are slated to come out January 30th. Of everything that will be thrown out during this release, there are three key items investors should look for. One of those is how the company plans to start drilling shale in the Permain Basin. With potentially 50 billion barrels of shale oil in the region, Conocophillips is extremely well positioned to capture a large share. To find out what else investors should look for, tune into the video below.
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