Equity/Index & Cross Asset Volatility Specialist, Cameron Design

Jay Cameron

Equity/Index & Cross Asset Volatility Specialist

Cameron Design

We specialize in financial products and volatility. Our strategies balance speed, data, and risk control to capture opportunities across global markets. Our research leverages AI and data analytics to continuously refine our algorithms and adapt to evolving market dynamics.

Equity Derivatives

<ul>
<li>ConocoPhillips is executing its M&amp;A strategy, achieving major synergy savings and targeting over $2B in run-rate improvements by the end of next year, supporting its fundamental long-term outlook.</li>
<li>Projection of a $7B increase in incremental Free Cash Flow by 2029 is bullish, noting execution risks.</li>
<li>The balance of long-term value drivers and near-term market and restructuring risks suggests a  strategy that is positioned to benefit from limited price movement.</li>
</ul>


ConocoPhillips is executing its M&amp;A strategy, achieving major synergy savings and targeting over $2B in run-rate improvements by the end of next year, supporting its fundamental long-term outlook.
Projection of a $7B increase in incremental Free Cash Flow by 2029 is bullish, noting execution risks.
The balance of long-term value drivers and near-term market and restructuring risks suggests a  strategy that is positioned to benefit from limited price movement.


Trading ConocoPhillips Volatility, Oil Majors

Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>ConocoPhillips' second quarter 2025 earnings call provides a comprehensive overview of its operational and strategic performance, marked by healthy execution, strategic asset integration, and forward-looking financial positioning.</li><li>The company exceeded the top end of its production guidance, with oil equivalent production averaging 2,391,000 barrels per day.</li><li>Its effective cost management is highlighted by unchanged capital spending and operating cost guidance, despite recent reductions, and a robust plan for shareholder returns.</li></ul>

ConocoPhillips' second quarter 2025 earnings call provides a comprehensive overview of its operational and strategic performance, marked by healthy execution, strategic asset integration, and forward-looking financial positioning.The company exceeded the top end of its production guidance, with oil equivalent production averaging 2,391,000 barrels per day.Its effective cost management is highlighted by unchanged capital spending and operating cost guidance, despite recent reductions, and a robust plan for shareholder returns.

ConocoPhillips: Liquefied Natural Gas (LNG) Expansion

<ul><li>ConocoPhillips' first quarter 2025 results highlight both strengths and challenges as the company navigates a volatile macroeconomic environment.</li><li>The key positives include strong operational performance, effective cost management, and a solid balance sheet, while challenges include softer oil prices and the uncertainties in the global market.</li><li>Baptista Research looks to evaluate the different factors that could influence the company's price in the near future and attempts to carry out an independent valuation of the company using a Discounted Cash Flow (DCF) methodology.</li></ul>

ConocoPhillips' first quarter 2025 results highlight both strengths and challenges as the company navigates a volatile macroeconomic environment.The key positives include strong operational performance, effective cost management, and a solid balance sheet, while challenges include softer oil prices and the uncertainties in the global market.Baptista Research looks to evaluate the different factors that could influence the company's price in the near future and attempts to carry out an independent valuation of the company using a Discounted Cash Flow (DCF) methodology.

ConocoPhillips: Will Its Investments In Long-Cycle Projects Pay Off?

<ul><li>ConocoPhillips' fourth quarter 2024 results highlight a mixed financial and operational landscape, reflecting both strengths and areas for scrutiny.</li><li>The company reported a commendable 4% year-over-year production growth, exceeding its full-year guidance range, and achieved a 123% preliminary organic reserve replacement ratio, marking a three-year average of 131%.</li><li>The acquisition of Marathon late in 2024 bolstered the portfolio, promising synergies worth over $1 billion by the end of 2025.</li></ul>

ConocoPhillips' fourth quarter 2024 results highlight a mixed financial and operational landscape, reflecting both strengths and areas for scrutiny.The company reported a commendable 4% year-over-year production growth, exceeding its full-year guidance range, and achieved a 123% preliminary organic reserve replacement ratio, marking a three-year average of 131%.The acquisition of Marathon late in 2024 bolstered the portfolio, promising synergies worth over $1 billion by the end of 2025.

ConocoPhillips: Willow Project & Alaska Opportunities Powering Our Optimism!

Pan-Asia Index Rebalances/ Events/ Delta One, Periscope Analytics

Brian Freitas

Pan-Asia Index Rebalances/ Events/ Delta One

Periscope Analytics

Periscope Analytics focuses on event-driven trades across Asia Pacific and provides comprehensive, timely and systematic coverage of index changes to major Asia Pacific indices in a structured manner.

The analysis includes forecasted inclusions and exclusions to all major Asian indices that have significant amount of tracking assets, including estimates of passive buy/sell flow on the stocks. The service also provides commentary and impact of market consultations, ground rule changes, and other events (IPOs, spin-offs, M&A) that could lead to index changes and passive flow.

Periscope Analytics works with multi-strategy hedge funds, proprietary trading firms, stat arb trading groups and long-only investors that invest and trade in the Asia Pacific region with the data being used to trade index rebalances, avoid pre-positioning and passive flow, and to time entry into and exit from stocks.

Event-Driven Trades Across Asia Pacific

Event-Driven

<ul>
<li>The changes to the <a href="https://www.smartkarma.com/entities/s-p-500-index" target="_blank" data-smartkarma-citation="entities:22886:1" rel="noopener">S&amp;P 500 INDEX (SPX INDEX)</a>, S&amp;P400 Index and S&amp;P600 Index will be announced after market close on Friday.</li>
<li>The conclusions of the market consultation to change the index weighting methodology for the Select Sector Indices to reduce concentration and avoid reverse turnover should also be announced.</li>
<li>Changes in the index weighting methodology will result in a round-trip trade of US$35bn across the Select Sector indices. The largest turnover is in the <a href="https://www.smartkarma.com/entities/consumer-staples-select-sector-spdr-fund" target="_blank" data-smartkarma-citation="entities:27536:1" rel="noopener">XLP</a> and <a href="https://www.smartkarma.com/entities/technology-select-sector-spdr" target="_blank" data-smartkarma-citation="entities:27543:1" rel="noopener">XLK</a>.</li>
</ul>


The changes to the S&amp;P 500 INDEX (SPX INDEX), S&amp;P400 Index and S&amp;P600 Index will be announced after market close on Friday.
The conclusions of the market consultation to change the index weighting methodology for the Select Sector Indices to reduce concentration and avoid reverse turnover should also be announced.
Changes in the index weighting methodology will result in a round-trip trade of US$35bn across the Select Sector indices. The largest turnover is in the XLP and XLK.


Select Sector Indices - Updated Flows as Round-Trip Trade Hits US$35bn

United States

ConocoPhillips explores for, produces, transports and markets crude oil, natural gas, natural gas liquids, liquefied natural gas and bitumen on a worldwide basis.

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Conocophillips (COP US)

Trading ConocoPhillips Volatility, Oil Majors

An option trade: ConocoPhillips is making strategic M&A moves to achieve over $2B in savings by next year, aiming for a $7B increase in Free Cash...

Jay Cameron

ConocoPhillips: Liquefied Natural Gas (LNG) Expansion

ConocoPhillips' second quarter 2025 earnings call provides a comprehensive overview of its operational and strategic performance, marked by...

Baptista Research

ConocoPhillips: Will Its Investments In Long-Cycle Projects Pay Off?

ConocoPhillips' first quarter 2025 results highlight both strengths and challenges as the company navigates a volatile macroeconomic...

Baptista Research

ConocoPhillips: Willow Project & Alaska Opportunities Powering Our Optimism!

ConocoPhillips' fourth quarter 2024 results highlight a mixed financial and operational landscape, reflecting both strengths and areas for...

Baptista Research

Select Sector Indices - Updated Flows as Round-Trip Trade Hits US$35bn

US$300bn tracks the Select Sector Indices. Implementation of proposed changes will set off a US$35bn trade. Apple could be bought by multiple...

Brian Freitas

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Market Cap (USDm)

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Dividend (Yield)

Trading ConocoPhillips Volatility, Oil Majors

​An option trade: ConocoPhillips is making strategic M&A moves to achieve over $2B in savings by next year, aiming for a $7B increase in Free Cash...

Jay Cameron

ConocoPhillips: Liquefied Natural Gas (LNG) Expansion

ConocoPhillips' second quarter 2025 earnings call provides a comprehensive overview of its operational and strategic performance, marked by...

Baptista Research

ConocoPhillips: Will Its Investments In Long-Cycle Projects Pay Off?

ConocoPhillips' first quarter 2025 results highlight both strengths and challenges as the company navigates a volatile macroeconomic...

Baptista Research

ConocoPhillips: Willow Project & Alaska Opportunities Powering Our Optimism!

ConocoPhillips' fourth quarter 2024 results highlight a mixed financial and operational landscape, reflecting both strengths and areas for...

Baptista Research

Select Sector Indices - Updated Flows as Round-Trip Trade Hits US$35bn

US$300bn tracks the Select Sector Indices. Implementation of proposed changes will set off a US$35bn trade. Apple could be bought by multiple...

Brian Freitas

An option trade: ConocoPhillips is making strategic M&A moves to achieve over $2B in savings by next year, aiming for a $7B increase in Free Cash...