CNOOC Ltd (ADR) (CEO) is Downgraded by Credit Suisse to Underperform

CNOOC Ltd (ADR) (CEO) was Downgraded by Credit Suisse to ” Underperform”. Earlier the firm had a rating of “Neutral ” on the company shares. Credit Suisse advised their investors in a research report released on Aug 8, 2016.

Many Wall Street Analysts have commented on CNOOC Ltd (ADR). CNOOC Ltd (ADR) was Upgraded by Nomura to ” Buy” on May 18, 2016.

CNOOC Ltd (ADR) opened for trading at $119.11 and hit $119.5 on the upside on Friday, eventually ending the session at $119.36, with a gain of 0.81% or 0.96 points. The heightened volatility saw the trading volume jump to 84,222 shares. Company has a market cap of $53,291 M.

CNOOC Limited is an investment holding company. The Company is principally engaged in the exploration development production and sale of crude oil natural gas and other petroleum products. The Company operates through three segments: exploration and production trading business and corporate. The Company is engaged in the upstream operating activities of the conventional oil and gas shale oil and gas oil sands and other unconventional oil and gas business. The Company’s core operation areas are Bohai Western South China Sea Eastern South China Sea and East China Sea in offshore China. Overseas the Company has oil and gas assets in Asia Africa North America South America Oceania and Europe.


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