China’s overseas-focused state oil explorer and producer CNOOC gained 44 percent in its first day of trading in mainland China in the latest sign of growing investor appetite for oil and gas exposure. CNOOC, Bloomberg recalls, was delisted from the New York Stock Exchange because of U.S. sanctions last year.
The Trump administration added the Chinese state oil company to a black list of companies banned from access to U.S. technology without specific permission. Following its New York delisting, CNOOC said it would float its shares on the…The Chinese Oil Stock That Soared 44% On Its First Trading Day
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