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Zacks Industry Outlook Highlights: CNOOC Ltd., China Petroleum and Chemical Corporation, or Sinopec, Cameron International, Nabors and Patterson-UTI – Press Releases

Zacks Market Commentaries (November 6th, 2009) Writes:
For Immediate Release

Chicago, IL – November 6, 2009 – Zacks.com announces the latest Industry Outlook. Today, Zacks Equity Research discusses the Oil & Gas sector, including CNOOC Ltd. (CEO), China Petroleum and Chemical Corporation, or Sinopec (SNP), Cameron International (CAM), Nabors (NBR) and Patterson-UTI (PTEN).

A synopsis of today’s Industry Outlook is presented below. The full article can be read at http://www.zacks.com/stock/news/26953/Oil+%26amp%3B+Gas+Industry.

The strengthening oil price environment should benefit producers, particularly those international players having attractive growth opportunities in their home markets. Two such standout names are China’s CNOOC Ltd. (CEO) and China Petroleum and Chemical Corporation, or Sinopec (SNP), both of which remain well-placed to benefit from the country’s growing appetite for energy.

CNOOC enjoys a monopoly on exploration activities in China’s very prospective offshore region in addition to having a growing presence

...

Zacks Analyst Blog Highlights: PetroChina Company Ltd., Sinopec, Total SA, CNOOC Ltd. and Vodafone – Press Releases

Zacks Market Commentaries (September 2nd, 2009) Writes:

For Immediate Release

Chicago, IL – September 2, 2009 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: PetroChina Company Ltd. (PTR), Sinopec (SNP), Total SA (TOT), CNOOC Ltd. (CEO) and Vodafone (VOD).

Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter: http://at.zacks.com/?id=5513

Here are highlights from Tuesday’s Analyst Blog:

PetroChina Sings 'O Canada'

Yesterday, PetroChina Company Ltd. (PTR), the largest integrated oil company in China, agreed to pay C$1.9 billion ($1.7 billion) to acquire a majority stake in two oil sands projects in western Canada.

As per the terms of the agreement with Athabasca Oil Sands Corp.

...

Chinese Refiners in a Fix – Analyst Blog

Zacks Market Commentaries (July 29th, 2009) Writes:
The Government’s initiative to lower fuel prices may hurt Chinese refiners in the short term. Prices for gasoline, diesel and jet fuel will drop by 3.3%, 3.7% and 5.5%, respectively. The National Development and Reform Commission reported that the corresponding retail prices for gasoline, diesel and jet fuel will be about $954, $846 and $699 per ton.

Refiners in China had been witnessing an upswing in refining margins, led by the rise in fuel prices thrice during the year. This is the first price cut in 2009 following three consecutive increases.

The Chinese Government has played a conservative role in pricing of refined product (particularly gasoline and diesel). It is the policy of the Government to cap prices of refined products to control inflation. Price regulation – which did not allow the companies to pass on high refining costs to consumers – is one of the key reasons for

...

Zacks Bull and Bear of the Day Highlights: ExxonMobil, SurModics, Marathon Oil Corporation, CNOOC Ltd. and Sinopec – Press Releases

Zacks Market Commentaries (July 21st, 2009) Writes:

For Immediate Release

Chicago, IL – July 21, 2009 – Zacks Equity Research highlights ExxonMobil (XOM) as the Bull of the Day and SurModics (SRDX ) the Bear of the Day. In addition, Zacks Equity Research provides analysis on Marathon Oil Corporation (MRO), CNOOC Ltd. (CEO) and Sinopec (SNP).

Full analysis of all these stocks is available at http://at.zacks.com/?id=2676

Here is a synopsis of all five stocks:

Bull of the Day:

We are maintaining our Buy recommendation for ExxonMobil (XOM) shares ahead of the quarterly results, reflecting its strong operational and financial position on the back of solid business portfolio and prudent investment approach.

The company's capital spending plans remain unaffected by the current commodity-price and credit market turmoil, with annual capital outlays in the $25 billion to $30 billion range over the next five

...

China Investing in Iran Refineries – Analyst Blog

Zacks Market Commentaries (July 13th, 2009) Writes:
Early today, Iran has reportedly sought investment from Chinese oil majors to make up the country’s shortfall in refineries. The most notable ones invited are PetroChina (PTR), Sinopec Corporation (SNP) and CNOOC Ltd. (CEO). The National Iranian Oil Company (NIOC) said that these initiatives are part of Iran’s 20-year oil sector revival plan with a total investment of approximately $130 billion. Despite being the world’s fifth largest crude oil exporter, Iran lacks refining pace and has been importing a significant amount of gasoline to run the country. Iran wants to build these refineries to keep its gasoline import level to a minimum. The Chinese companies will get an 8-year tax holiday for investments made in Iran’s free trade zones as well as a 5% off for raw materials purchased in Iran. Though these companies already have investments in Iran’s exploration and production businesses, they ...

China Contemplates Fourth West-East Gas Pipeline – Analyst Blog

Zacks Market Commentaries (June 30th, 2009) Writes:

Following three West-East natural gas pipelines, China is contemplating the fourth one. The proposal is for a four-lane gas pipeline, which is likely to transport natural gas from the Sichuan and Tarim basins in the West to the large potential markets in East China. The first West-East pipeline was completed and commenced its commercial run in 2004; the second is under construction and expected to be completed by 2011; and the third is already proposed but not yet approved by China's National Development and Reform Commission.

The fourth pipeline is a forward step towards the Chinese Government's efforts to promote natural gas as a substitute for coal in power generation. At present, two-thirds of China's electricity generation comes from coal-fired power plant sources that generate tremendous amounts of greenhouse gases and lead to air pollution. To solve this problem, China is planning to increase its natural gas usage from

...

Anglogold Ashanti Ltd. – Momentum – Zacks Rank Buy

Michael Vodicka (June 1st, 2009) Writes:
Anglogold Ashanti Ltd. (...

China Petroleum & Chemical Corp. – Momentum – Zacks Rank Buy

Michael Vodicka (May 28th, 2009) Writes:
China Petroleum & Chemical Corp.'s (...

World Bank Calls China: A “Ray of Hope”

Tony Sagami (April 14th, 2009) Writes:
The Dow has been on a mini-roll. Therefore, most investors are thrilled to see battered stock portfolios recover even a smidgen of their massive losses. The problem is that these investors aren’t paying attention to what’s happening elsewhere around the globe. And they may be missing out on the opportunity of the decade! That’s because the morsels of good economic news coming out of the U.S. are completely overshadowing what’s happening in Asia. China: A Bright Spot in the Region And the Global Economy Just last week, a new report from the World Bank painted a very pretty picture about the economies of China, the world’s third-biggest economy, and its Asian neighbors …...
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Petrobras Deals with China – Analyst Blog

Zacks Market Commentaries (February 24th, 2009) Writes:
Last week, Petrobras (PBR) announced it has signed two Memorandums of Understanding with Chinese institutions and an export oil contract with UNIPEC Asia Co. Ltd. -- a subsidiary of China Petrochemical Corporation, or SINOPEC (SNP) -- to export around 100 thousand barrels of oil per day. The Memorandum between China Development Bank Corporation, SINOPEC and Petrobras presents has the followings details : Credit supply to Petrobras, including the option to off-set the debt with the export of oil, as per Chinese institution option and in a volume to be defined in the future; Increase the oil export of Petrobras to China; Partnerships between Petrobras and Chinese companies to develop projects in several oil industry segments; Supply of service, material and equipment by Chinese companies to Petrobras; and Promoting contacts between Chinese and Brazilian companies for the purpose of creating joint ventures.The amount of the deal is estimated ...

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