|Bid||0.00 x 610000|
|Ask||0.00 x 268000|
|Day's Range||299.00 - 302.60|
|52 Week Range||291.00 - 425.70|
|PE Ratio (TTM)||8.09|
|Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Venezuela's roughly 300 billion barrels of proved oil reserves are massive, but years of underinvestment will leave the state oil company crippled even if the crumbling political regime gets the boot. A debt default or the overthrow of President Nicolas Maduro have proved elusive, though the government and state-run Petroleos de Venezuela or Pdvsa are weighted down by debt. Russia's Rosneft has extended $6 billion in financing to Venezuela, which in turn used its U.S. Citgo refineries as collateral in a deal last fall.
HONG KONG/BEIJING (Reuters) - CEFC China Energy, which has grown from a niche oil trader to a sprawling energy conglomerate, is in talks to acquire a stake in Russian state oil giant Rosneft (ROSN.MM), three people with direct knowledge of the discussions said. The people said senior executives at both companies were in preliminary discussions, though there have already been two meetings between CEFC Chairman Ye Jianmin and Rosneft CEO Igor Sechin since July. It was not immediately clear how much CEFC would invest in Rosneft, nor if the Chinese group would buy new shares or existing stock in the parent company.
A former Russian economy minister on trial for allegedly taking a $2 million bribe accused the head of the state oil company of entrapment, in the first hearing of a case that has raised speculation about ...