An oil and gas company engaged in the exploration, development and production of crude oil and natural gas primarily offshore China.
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The demand can been decreasing but when it pump again, CNOOC will rise. And by the way of the train maybe the oil price is arriving to the bottom. My outperform bet is justify becasue CNOOC is not just a solid company but have a lots of money in cash, few debt, nice past earnings growth and a good ROE. That's why i am long of this stock! Are you with me?
i'm with ya!