|Bid||161.27 x 800|
|Ask||161.65 x 800|
|Day's Range||158.91 - 161.68|
|52 Week Range||139.77 - 202.38|
|Beta (3Y Monthly)||1.17|
|PE Ratio (TTM)||14.05|
|Forward Dividend & Yield||9.32 (6.15%)|
|1y Target Est||209.69|
HONG KONG, Aug. 29, 2019 /PRNewswire/ -- CNOOC Limited (the "Company", SEHK: 00883, NYSE: CEO, TSX: CNU) today announced its 2019 interim results for the six months ended June 30, 2019. CNOOC Limited devoted efforts in exploration and development activities during the first half of 2019 through a pragmatic and enterprising approach, and successfully increased oil and gas reserves and production levels. The Company's amount of exploration and development activities reached a record high with improving key financial indicators.
Although Encana (ECA) slips to 52-week low, the stock should be retained in your portfolio, given robust output and cash flow outlook, along with strategic endeavors to boost performance.
-- Financial contributions from the pipeline business is small for the oil companies. Moody's Investors Service says in a just-released report that the Chinese government's plan to create a national pipeline company -- which will acquire most of the oil and gas pipelines from the country's three national oil companies (NOCs) -- will have a limited impact on the NOCs' credit profiles.
While China's efforts to increase output may offset production decline from aging oilfields, it is not likely to reduce its dependence on foreign oil and gas imports.
It was a rough fourth quarter for many hedge funds, which were naturally unable to overcome the big dip in the broad market, as the S&P 500 fell by about 4.8% during 2018 and average hedge fund losing about 1%. The Russell 2000, composed of smaller companies, performed even worse, trailing the S&P by more […]
China's five major natural gas companies include three state-owned energy giants, Sinopec Shanghai Petrochemical Co., Ltd. (NYSE: SHI), China National Petroleum Corporation and China National Offshore Oil Corporation.
Encana (ECA) expects second-quarter output within 585-595 MBOE/d, indicating a year-over-year and sequential growth of 74.5% and 4.1%, respectively, at the midpoint.
HONG KONG , June 7, 2019 /PRNewswire/ -- CNOOC Limited (the "Company", SEHK: 00883, NYSE: CEO, TSX: CNU) announced today that the Company and CEPR Limited ( "CEPR" ) , a wholly-owned ...
Royal Dutch Shell (RDS.A) started production at its Appomattox GoM platform. Meanwhile, Rattler Midstream Partners raised $665 million in the year's biggest energy IPO so far.
Guangdong Energy Group emerged as a first-time spot buyer of liquefied natural gas (LNG), as the Chinese utility secured access to a receiving terminal in southern China, a company executive and three trading sources said this week. The utility for the first time exercised a right to use the Guangdong Dapeng LNG terminal in Shenzhen operated by China National Offshore Oil Company, or CNOOC. Guangdong Energy is a minority investor in the receiving facility that started operation in 2006.
HONG KONG , May 23, 2019 /PRNewswire/ -- CNOOC Limited (the "Company", SEHK: 00883, NYSE: CEO, TSX: CNU) announced today that the Appomattox Field in the US Gulf of Mexico has safely commenced ...