|Bid||0.00 x 0|
|Ask||181.40 x 200|
|Day's range||166.62 - 165.55|
|52-week range||108.05 - 169.06|
|PE ratio (TTM)||19.29|
|Forward dividend & yield||5.12 (3.25%)|
|1y target est||194.07|
The Zacks Analyst Blog Highlights: CNOOC, Continental Resources and Pioneer Natural Resources
The S&P 500 Energy sector gained nearly 1.3% in morning trading, making it the day's biggest winner so far. With this in mind, let's take a look at three strong oil stocks that stand to benefit from increasing prices, even if the broader market remains volatile.
LONDON/SINGAPORE, March 9 (Reuters) - Falling industrial demand and mild weather have turned China's energy giants into sellers of liquefied natural gas (LNG) in Asia for the first time since last year's massive import spree. Although a CNOOC (HKSE: 0883-OL.HK - news) executive last week warned producers not to expect a similar payday in 2018, industry executives said they were not unduly concerned by the blip, saying Chinese demand would continue to grow.
Any deal between the Philippines and a Chinese firm to jointly explore for gas in the Reed Bank of the South China Sea will be illegal unless China recognises the southeast Asian nation's sovereign rights there, a Philippine judge said on Monday. Manila has identified two areas in the crowded waterway suitable for joint exploration and the two countries seek a way to tackle the diplomatic and legal headache of jointly exploring in the waters, but without addressing the issue of sovereignty. The Reed Bank is claimed by both sides, but international law says it falls within the Exclusive Economic Zone (EEZ) of the Philippines.
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.
YENAGOA/LAGOS, Nigeria, Jan 17 (Reuters) - Nigerian militants threatened on Wednesday to attack off-shore oil facilities within days, raising fears of a repeat of a 2016 wave of violence that helped push Africa's biggest economy into recession. The Niger Delta Avengers - the fighters behind many of the 2016 attacks - said they had planned the assaults after giving up on talks to give their impoverished southern region a greater share of the oil revenue it produced.
The Zacks Analyst Blog Highlights: CVR Refining, Statoil ASA, HollyFrontier, CNOOC and North American Energy Partners
Petrobras (PBR) holds a 40% operated interest in the Libra field ??? one of the largest discoveries in Brazil with recoverable oil resources in the range of 7.9-15 billion barrels.
A.M. Best has affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Rating of “a-” of ICM Assurance Ltd . The outlook of these Credit Ratings is stable.
This week, which started on October 9, 2017, China National Offshore Oil (CEO) is at the top of the list of gainers in the integrated energy sector.