CNOOC: Great Opportunity To Buy Into The Panicking Oil Sector

Seeking Alpha | Mar 27, 2020 at 1:10 AM
  • China’s oil & gas industry was hit badly by the recent outbreak of COVID-19 and turmoils in the global crude oil market.
  • The recent plunge in CEO’s share price was largely caused by the outbreak of the coronavirus and global oil price turmoil.
  • It’s reported that CEO will start eight offshore projects in 2020, targeting net production globally in the range of 520-530 MMboe.