ConocoPhillips Gets Praise From Credit Suisse

ConocoPhillips COP, the third-largest U.S. oil company, was the subject of some bullish words from Credit Suisse analyst Edward Westlake this morning. Westlake raised his estimate for the oil giant's net asset value to $80 from $74 per share and said Conoco's management team is doing more to show discipline and return capital to investors. Westlake also revised the estimate based on a higher expected value of Conoco's heavy oil assets in Canada and to reflect compensation from Venezuela for assets it appropriated in 2007, according to the Associated Press.