Cnooc Could Gain on Oil, Gas Breakthroughs -- Market Talk

Dow Jones
2025/08/28

0716 GMT - Cnooc's shares could rise given its breakthroughs in oil and gas exploration and discoveries, Citi's Desmond Law and Oscar Yee say in a note. The Chinese energy company made five new offshore discoveries in China and appraised several large- and medium-sized oil and gas bearing structures in 1H. It looks poised to meet its 2025 target reserve replacement ratio of not less than 130%, they say. Cnooc also advanced its deep water exploration campaign in Guyana and signed its first oil contract for exploration in a new Kazakhstan block, which enlarges its overseas exploration portfolio. Citi maintains its buy rating and HK$24.00 target. Cnooc's Hong Kong-listed shares gain 4.1% to HK$19.41. (megan.cheah@wsj.com)

 

(END) Dow Jones Newswires

August 28, 2025 03:16 ET (07:16 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

應版權方要求,你需要登入查看該內容

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10