ConocoPhillips (COP), one of the largest oil and gas exploration and production companies in the world, recently announced that it will partner with NRG Energy and GE Capital to invest $300 million in a joint venture that will promote emerging energy technologies. ConocoPhillips has been a leader in development of new energy technologies with several of its activities focused on power generation and new technologies. Its main competitors are ExxonMobil (XOM), British Petroleum (BP), Anadarko Petroleum Corporation (APC) and Chevron Corporation (CVX).
We maintain a $68.44 price estimate for ConocoPhillips stock, which is roughly 10% below market price.
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Right now coal is still king. 

