ConocoPhillips (COP) has potential to earn investors high risk-adjusted returns over the next twelve months, provided oil prices stabilize above the $70/barrel price level. The oil company is riding a wave of higher energy prices and improved free cash flow. The rebound in price realizations and improved cash flow projects in a rising oil environment support an investment in ConocoPhillips. Further, I think ConocoPhillips could grow its dividend faster than other energy companies going forward. An investment in COP yields 1.69 percent.

ConocoPhillips has been in a major uptrend over the last year. The reason: Strongly improving prospects for the U.S. economy lifted energy prices from 2016 lows to multi-year highs in 2018.

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