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:
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
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