Goldman Sachs Added CNOOC Ltd. (CEO) to its Conviction Buy List
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Goldman Sachs added CNOOC Ltd. (NYSE: CEO) to its Conviction Buy List. The firm also raised its price target from $146 to $167. Shares of China's largest offshore oil producer jumped to a 9-month high on the positive analyst note.
CNOOC Limited, together with its subsidiaries, engages in the exploration, development, production, and sale of crude oil, natural gas, and other petroleum products in offshore China.
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