|Bid||12.620 x 0|
|Ask||12.640 x 0|
|Day's range||12.340 - 12.640|
|52-week range||8.960 - 14.640|
|PE ratio (TTM)||19.11|
|Earnings date||23 Aug 2018|
|Forward dividend & yield||0.50 (3.83%)|
|1y target est||15.89|
A multitude of factors are raising the specter of supply shortages at a time when global demand could rise exponentially. It thus makes sense to bet on select oil stocks likely to deliver strong profits in the second half of 2018.
In December 2017, CNOOC Limited (HKG:883) announced its latest earnings update, which signalled that the business gained from a significant tailwind, more than doubling its earnings from the prior year.Read More...
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Cnooc Ltd. plans to raise capital spending to the highest since 2014 and revised upward its oil and gas output targets as China’s biggest offshore producer recovers from crude’s crash. The Beijing-based explorer sees capital expenditures at 70 billion to 80 billion yuan ($11.1 billion to $12.7 billion) for 2018, it said in a statement to the Hong Kong stock exchange Thursday. It also raised its production estimate to between 470 million and 480 million barrels of oil equivalent, poised for the the first increase in three years.
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