CNOOC: Buy The Dip
On January 13, CNOOC Ltd. (HK:0883, NYSE:CEO), China’s flagship offshore E&P company, updated its projections for production and Capex at its “2020 Strategy Preview” presentation in Hong Kong. Oil and gas output targets were raised above the upper bands of the company’s previous forecasts for 2019-2021 (see Table 1) while Capex spending …
News story posted on 2020-02-03T16:04:00.0000000Z
