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CNOOC Limited, together with its subsidiaries, engages in the exploration, development, production, and sale of crude oil, natural gas, and other petroleum products in offshore China. The company's oil and gas properties are located in offshore China, which include Bohai Bay, western south China Sea, eastern south China Sea, and east China Sea, as well as in Indonesia, Australia, Nigeria, Canada, Singapore, Myanmar, the Philippines, Equatorial Guinea, and Kenya. As of December 31, 2007, it had net proved reserves of 2,601.2 million barrels-of-oil equivalent, comprising 1,564.1 million barrels of crude oil and condensate, and 6,222.8 billion cubic feet of natural gas; and interests in 58 producing properties and 51 properties under development offshore China. The company was founded in 1982 and is headquartered in Central, Hong Kong. CNOOC Limited is a subsidiary of China National Offshore Oil Corporation. Analysts' Recommendation: | Buy |
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Update 05/28:
Update 06/02:
Update 06/14:
CEO-Top 10 U.S.-Listed Chinese Stocks with Highest Momentum: JOBS, VIMC, CISG, HMIN, EDU, CEO, CTRP, BIDU, SSRX, SPRD (Jun 14, 2010)
Top 10 U.S.-Listed Chinese Stocks with Highest Momentum: JOBS, VIMC, CISG, HMIN, EDU, CEO, CTRP, BIDU, SSRX, SPRD (Jun 14, 2010) http://suprastock.blogspot.com/2010/06/top-10-us-listed-chine... http://suprastock.blogspot.com/
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Update 06/28:
Top 10 U.S.-Listed Chinese Stocks with Highest Momentum: HMIN, CISG, EDU, JKS, CEO, JOBS, CTRP, FTLK, BIDU, VIMC (Jun 28, 2010)
Update 07/10:
Top 10 Most Efficient U.S.-Listed Chinese Stocks: CEO, CBEH, RINO, SINA, CHIO, CSKI, CYOU, CHL, CCM, XIN (Jul 09, 2010)
Update 07/15:
http://suprastock.blogspot.com/2010/07/7-commodity-stocks-to-... http://suprastock.blogspot.com/ China National Offshore Oil Corporation (CEO) continues to benefit from BP’s disaster in the Gulf. Currently, CNOOC is in talks with BP to buy 60% of its shares in Pan American Energy, Argentina’s second-largest oil producer. CEO acquired a 20% stake in Pan American earlier this year from Argentina’s Bridas for $3.1 billion, which values BP’s stake at about $9 billion. BP has said it is looking to sell off about $10 billion in assets over the next year in order to raise cash for expenses related to the Gulf spill. Keep an eye on this deal and expect that it could be fairly bullish for CNOOC if it goes through. No matter what happens to crude, you can be bullish on this commodity stock.
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Update 07/17:
Top 10 U.S.-Listed Chinese Stocks with Highest Momentum: JKS, EDU, HMIN, VIT, BIDU, JOBS, FMCN, JASO, FTLK, CEO (Jul 16, 2010)
Update 07/23:
Top 10 Most Profitable Oil/Gas Production Stocks: TECJQ, FST, CPE, NEP, UPL, GPOR, XEC, APAGF, CEO, PSE (Jul 22, 2010)
Update 07/26:
Top 10 Most Efficient U.S.-Listed Chinese Stocks: CEO, LPH, CBEH, RINO, SINA, CHIO, CSKI, CYOU, CHL, CCM (Jul 25, 2010)
Update 07/26:
Top 10 Most Efficient U.S.-Listed Chinese Stocks: CEO, LPH, CBEH, RINO, SINA, CHIO, CSKI, CYOU, CHL, CCM (Jul 25, 2010)
CEO:
This call was made
on 08/31/08
@ $144.53
| Rating: |
$144.53 (08/31/08)
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| Gain/Loss: |
+26.94%
in
1365 days
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| Target: |
$222.00
(+53.60%)
in > one year
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| Allocation: |
0.3% of portfolio
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