Tuesday, September 06, 2011

CNOOC purchased

This morning I purchased additional shares in CNOOC (HK:883). The up-stream ail company has been sold off heavily in response to a combination of falling oil prices and the effect of a shut down at the Penglai 19-3 oilfield. This is largely an exercise in hoping that the sell off is over done.

I paid HK$13.40 for the additional shares.

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