ConocoPhillips Exec Says REX Stake 'Good Candidate' to Sell

摘要

The 25% stake that ConocoPhillips owns in the recently completed Rockies Express Pipeline (REX) is a possible can-didate for sale, an executive said last week. The Houston-based integrated producer announced last month that it would "shrink to grow" by selling $10 billion worth of its global assets in 2010 and 2011, including around 10% of its North American portfolio (see NGI, Nov. 2). Cana-dian assets are to make up around two-thirds of the planned sales; the rest are to come from the Lower 48 states.