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capital expenditure growth over the elapse CNOOC higher than the international oil companies, the afterward 10 years will boost investment in the field of deep-sea .
According to our tests, at the peak of the oil price not less than 30 greenbacks / barrel , the next three years the company's operating money stream sufficient to support the existing level of investment. to consider some of the debt financing , the enterprise can keep 30% of the capital expenditure growth rate. < br> Although the multinational oil companies with the chief disbursement is anticipated apt adapt fuel amounts , merely the International Day because the short term rates to remain settled. the long term,toronto escort, as supply additional, self-elevating platform, facing downward pressure ashore rates . < br> We expect the next 3 years capital expenditure CNOOC will not fall , is expected to COSL 0% -70 % the next 6 domestic income more secure .
than we muse and COSL , Sea oil project future oil prices Downside risk is low. We maintain our sea oil project We maintain our H shares of COSL Engineering equipment builders . accretion of Yantai Raffles ,toronto escort,Easter Monday, so the set is available in the short term the cardinal platform builder and the root of competition .
in a vigorous stage of development of seaman engineering equipment manufacturing manufacture is generally optimistic approximately the hereafter , CIMC began Gradually contained .
need to be prompted that Raffles was selling equipment to the Offshore Oil Engineering and COSL 's marine engineering equipment such business .
spending on the *** industry continues to increase capital expenditure , downstream will How to ?
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