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Author Topic: CNOOC China's Largest Oil Company
JHenry
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Since China will probably soon have the largest oil company in the world I decided I was going to do some DD on it.

http://www.uofaweb.ualberta.ca/chinainstitute/nav03.cfm?nav03=45598&nav02=43110& nav01=43092

I mostly have a question. CNOOC has 2 ticker symbols:
CEOHF.PK - CNOOC LTD HONG KONG
http://www.pinksheets.com/quote/chart.jsp?symbol=CEOHF&duration=2-6-9-0-0-536
CEO - CNOOC Ltd.
http://finance.yahoo.com/q?s=CEO

They both have the same SEC filings. CEO is running about $83/share and CEOHF.PK is running about 86cents/share. I am wondering if CEOHF.PK might be worth while to throw some money into as an investment? And, does anyone know the typical relationship between 2 stocks listed by the same company when one is on a larger exchange (NYSE) and the other is on a smaller exchange (Pink)? There is no information on the shares structure for CEOHF.PK or does it somehow correspond with the CEO share structure?

Thanks for any answers I can get.

Posts: 507 | From: Rochester, NY | Registered: May 2005  |  IP: Logged | Report this post to a Moderator
visionist
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I don't know much about either, but I've considered investing in China National Peteroleum Company CNPC (Stock symbol: CKKHF) It was selling for about .28cents a share a month or two ago, recently ran up to .67cents. They've got 39 refineries, which says alot about upward potential.
Posts: 81 | From: Mechanicsburg, Pennsylvania | Registered: Feb 2006  |  IP: Logged | Report this post to a Moderator
omaha116
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jhenry,
not if these guys have anything to do with it! Upcoming IPO of 10 BILLION or so!
http://www.thebusinessonline.com/Stories.aspx?Rosneft%20clears%20hurdle%20for%20 listing&StoryID=91E99E08-9938-4ECE-A979-23E77C04C666&SectionID=F3B76EF0-7991-438 9-B72E-D07EB5AA1CEE
Know anything about it? I do know they were in talks with CNPC a month or two back so there is probably some relevance to the upswing-something about a pipeline. i own shares already and am trying to find out more info.

http://www.rferl.org/featuresarticle/2006/04/1BF94B42-55F7-434D-82FC-7C0D54ABF48 7.html

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There are those for whom such life makes all other existence seem tame!

Posts: 52 | From: Alabama | Registered: Feb 2006  |  IP: Logged | Report this post to a Moderator
The Owl
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Checkout PMHH - they have repeat deals with CNOOC and more on the way.

HOT TODAY NEWS re PMHH


Here's some of your MAJOR news - just released

http://uk.us.biz.yahoo.com/iw/060505/0127393.html

Posts: 318 | From: UK | Registered: Mar 2006  |  IP: Logged | Report this post to a Moderator
   

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