The CIF license of PFX Financial Professionals Ltd has been suspended by the Cyprus Securities and Exchange Commission until the 24th of December 2016. Please click here

02.11.2015 - ConocoPhillips showed a loss of 1.1 billion dollars

Company ConocoPhillips announced plans to reduce spending to 10.2 billion dollars against the previous forecast of 11.0 billion. The reason for such a step of the company was the fall in commodity prices over the last year. For the third quarter the company reported a loss of $ 1.1 billion compared with a profit of 2.7 billion for the same period last year. Except for the Libyan deposits, the volume of production increased by 4%. Given the weakness of commodity markets, we see no reason to invest in the shares of the company, but in 2016 we can revise our forecast.

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RISK WARNING: Trading of complex financial products, such as Stocks, Futures, Foreign Exchange ("Forex"), Contracts for Difference ("CFDs"), Indices, Options, or other financial derivatives, on "margin" carries a high level of risk, and may not be suitable for all investors. The possibility exists that you could sustain a loss of some or all of your initial investment and, therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading these markets, and seek advice from an independent financial advisor if you have any questions or doubts. Please carefully read our full "Risk Disclosure" and "Risk Disclosures for Financial Instruments & Investment Services". FXFINPRO Capital is the trading name of PFX Financial Professionals Limited, a limited liability company formed under the laws of Cyprus, registered with the Registrar of Companies in Nicosia, Cyprus, under nr. HE 237840 and regulated by the Cyprus Securities and Exchange Commission with license number 193/13.
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The CIF license of PFX Financial Professionals Ltd has been suspended by the Cyprus Securities and Exchange Commission until the 24th of December 2016. Please click here
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