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CNOOC rises 4% Goldman Sachs to bid for oil price expectations

Source: Internet
Author: User
Keywords Hong Kong dollar convinced that the rally
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Benefiting from the international crude oil price rally, CNOOC Rose this morning, with shares rising 4.12% per cent to HK $11.12 a half time, trading 64.62 million shares.　　Goldman Sachs issued a report saying the unit was included in the firm's buy list and the target price rose from HK $11.35 to HK $13, a premium of 17% per cent. Goldman Sachs, which is still bullish on the stock, is on the upper reaches of the industry. The bank's forecast for the 2009 and 2010 West Texas medium-quality oil prices was increased to $59 a barrel (previously estimated at $50) and 80 U.S. dollars (previously estimated at $70), as the price of oil has moved out of its cyclical bottom and is launching a new rally.

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