Tuesday, September 4, 2007

Positive news for CNOOC

Bullish news for CNOOC (CEO) today.

Bloomberg: Cnooc Parent to Expand Huizhou Oil Refinery by Two-Thirds

Meanwhile, Shanghai reports that nat gas is in favor, petro no so much.

Shanghai Daily: Policy on natural gas streamlined

Pretty cool news for CNOOC longs. Intriguing for those of us who are still on the sideline.

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