ConocoPhillips (COP.N) may put two refineries on the U.S. East Coast up for sale, energy investment bank Simmons & Co wrote in note on Tuesday. "ConocoPhillips has indicated its intent to sell its East Coast Linden and Trainer refineries," the note to clients said. ConocoPhillips spokesman Aftab Ahmed said the company had not disclosed any such plan. "We've made no statements to that effect," he said. "Not to anybody." Asked if the company aimed to sell those refineries, Ahmed said, "We have a disposition program, and our whole portfolio is under consideration. We haven't specified anything beyond that."
ConocoPhillips is an international, integrated energy company. Shares of COP fell by 1.11% or $-0.74/share to $65.70. In the past year, the shares have traded as low as $53.59 and as high as $81.80. On average, 11458400 shares of COP exchange hands on a given day and today's volume is recorded at 11019590.
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