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Does China Oilfield Services (HKG:2883) Have A Healthy Balance Sheet?
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the permanent loss of capital.' So it might be obvious that you need to consider debt,
Hong Kong stocks turmoil | CNOOC (00883) fell more than 5% and led the decline in petroleum stocks. Oil prices may come under pressure in the fourth quarter. Institutions state that dividends trading heat has decreased.
Petroleum stocks continued to decline in early trading. As of press time, China Oilfield Services (00883) fell by 3.71%, to HKD 20.75. PetroChina (00857) fell by 3.35%, to HKD 7.21. China Petroleum & Chemical Corporation (02883) fell by 2.85%, to HKD 6.81. Sinopec (00386) fell by 2.45%, to HKD 4.77.
Crude Oil Could Be Next – TDS
The notable declines in commodity demand expectations continue to threaten the energy complex although CTAs still hold substantial ammunition to deploy on the offer, TDS senior commodity strategist Daniel Ghali note.
Hong Kong stocks surge | Petroleum stocks rebound collectively, US crude oil inventory drops significantly, international oil prices stop falling and rebound.
Petroleum stocks are collectively rebounding. As of press time, China National Offshore Oil (00883) has risen by 2.84% to HKD 21.75; China Oilfield Services (02883) has risen by 2.62% to HKD 7.06; Kunlun Energy (00135) has risen by 2.59% to HKD 8.33.
Crude Prices May Be on the Cusp of a Breakdown – TDS
Downside pressures for Crude oil continue to grow as physical demand trends continue to deteriorate. Crude prices may be on the cusp of a breakdown, TD Securities Senior Commodity Strategist Daniel Ghali suggests.
Crude Oil Extends Declines on Chinese Demand Concerns, WTI Falls Below $80
WTI tumbled below $80.00 per barrel as Crude Oil bids crumble.
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