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Revenue Beat: CNOOC Limited Beat Analyst Estimates By 5.4%
Morgan Stanley: Downgraded CNOOC (00883) rating to "Shareholding" and lowered the Target Price to 13.5 Hong Kong dollars.
The bank stated that although it has been Bullish on Chinese oil companies since 2020, it lowered the rating of oil Assets in the fourth quarter of last year and has been Bearish on spot liquefied Henry Hub Natural Gas this year in February.
Market Chatter: CNOOC Eyes Asset Deals Amid Oil Price Dip
CNOOC's Sees Q1 Profit Fall 7.9% on Weaker Oil Prices
CNOOC's Q1 Profit Slips 8%
Update: WTI Oil Falls With Supply on the Rise as U.S. Tariff Battles Slow Demand
104065181 : Oil prices affect CNOOC more than HSI