With favorable prospects for the resumption of
China’s economic growth and commodity prices off
of their lows, CNOOC, Ltd. (CEO) ADSs are expected to maintain
their recent impressive performance momentum.
This, coupled with the company’s positive production-growth
profile, exclusivity in the offshore China
region and lucrative LNG investments, account for
continued favorable view.
The company’s low cost
operating model is also a competitive advantage.
With approximately ten new projects going on-stream
this year, full-year volumes are expected to increase
by roughly 15%, with oil and natural gas production
in the first half having gone up by 15.2%.Zacks Investment Research
