CNOOC LTD Q2-2018 FINANCIAL RESULTS:<\/h3>\n
China National Offshore Oil Corporation<\/b>, or\u00a0CNOOC Group<\/b>, is a major\u00a0national oil company\u00a0in China. It is the third-largest national oil company in the\u00a0People’s Republic of China, after\u00a0CNPC\u00a0(parent of\u00a0PetroChina) and\u00a0China Petrochemical Corporation\u00a0(parent of\u00a0Sinopec).<\/p>\n
The CNOOC Group focuses on the exploitation, exploration and development of\u00a0crude oil\u00a0and natural gas in offshore China.<\/p>\n
On Friday,\u00a0August 23, Chinese offshore oil and gas company CNOOC (0883.HK) reported that its profits climbed 57 percent year-on-year in the first half of 2018, boosted by higher crude prices and robust gas sales.<\/p>\n Net profit at the listed arm of state-owned China National Offshore Oil Corp hit 25.48 billion yuan (US$3.71 billion) in the first half, its best half-year performance since the first six months of 2015, filings to the Hong Kong exchange showed.<\/p>\n Revenue for January to June rose to 105.65 billion yuan, with oil and gas sales up more than 20 percent.<\/p>\n Natural gas production rose 11 percent over the six months compared with the same period of 2017.<\/p>\n The board of directors declared an interim dividend of HK$ 0.3 per share, payable on October 16, to share holders on record on September 10, 2018.<\/p>\n Canopy Growth Corporation<\/b>, formerly\u00a0Tweed Marijuana Inc.<\/b>,(WEED.TO) is a\u00a0medical marijuana\u00a0company based in\u00a0Smiths Falls, Ontario, founded by Bruce Linton and\u00a0Chuck Rifici\u00a0in 2014.<\/p>\n The company is world’s largest publicly traded marijuana company, for which its shares have a primary listing on the Toronto Stock Exchange under the symbol WEED and as an ADR on the NYSE under the symbol CGC.<\/p>\n The shares of the company surged more than 28% in the week of August 20 to close at a record high of CAD 58.62 a share, on Friday August 24, as can be seen from below chart. In the first half of this year, the company’s basic earnings per share reached\u00a0RMB 0.57<\/span>, representing a significant increase of 56.8% YoY.<\/p>\n As can be seen from below 1-year chart the shares of the company have increased during the past 52-weeks with over 42 percent. With a dividend yield of 3.75 percent and a Quick ratio of two (2) we maintain our STRONG BUY<\/strong> ratio on the shares of the company.<\/p>\n Investing in Cannabis shares today can be considered as buying shares of Constellation brands<\/a> or Diageo<\/a>, before the end of the\u00a0Prohibition in the United States, <\/b><\/a>which\u00a0was a nationwide\u00a0constitutional\u00a0ban on the production, importation, transportation, and sale of\u00a0alcoholic beverages\u00a0from 1920 to 1933.<\/p>\n Below 1-year chart shows that the shares of the company has appreciated in the last 52 weeks with approx. 560 percent. Based on Company’s fundamentals and the project growth of the cannabis market worldwide, we maintain of our STRONG BUY<\/strong> rating on the shares of the company.<\/p>\n I\/We are long the shares of CNOOC Ltd. as well as Canopy Growth Corporation.<\/p>\n Last but not least, before taking any investment decision, always take your investment horizon and risk tolerance into consideration and keep in mind that; share prices don\u2019t move in a straight line, that Past Performance Is Not Indicative Of Future Results and that technology stocks and stocks of emerging markets, experience a higher volatility than the ones of develop market big-caps.<\/p>\n Yours sincerely,<\/p>\n Eric Panneflek<\/p>\n","protected":false},"excerpt":{"rendered":" Dear PGM Capital blog readers, In this weekend blog edition,\u00a0we want to discuss some of the most important events that happened in the global capital markets, the world economy and the world of money, in the week of August 20, 2018, as follows: CNOOC Ltd announced Q2-2018 financial results. Canopy Growth soars at all time[…]<\/a><\/p>\n","protected":false},"author":2,"featured_media":17652,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[51],"tags":[],"class_list":["post-17616","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-pgm-capital-blog"],"_links":{"self":[{"href":"https:\/\/www.pgmcapital.com\/nl\/wp-json\/wp\/v2\/posts\/17616","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pgmcapital.com\/nl\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pgmcapital.com\/nl\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pgmcapital.com\/nl\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pgmcapital.com\/nl\/wp-json\/wp\/v2\/comments?post=17616"}],"version-history":[{"count":21,"href":"https:\/\/www.pgmcapital.com\/nl\/wp-json\/wp\/v2\/posts\/17616\/revisions"}],"predecessor-version":[{"id":17650,"href":"https:\/\/www.pgmcapital.com\/nl\/wp-json\/wp\/v2\/posts\/17616\/revisions\/17650"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pgmcapital.com\/nl\/wp-json\/wp\/v2\/media\/17652"}],"wp:attachment":[{"href":"https:\/\/www.pgmcapital.com\/nl\/wp-json\/wp\/v2\/media?parent=17616"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pgmcapital.com\/nl\/wp-json\/wp\/v2\/categories?post=17616"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pgmcapital.com\/nl\/wp-json\/wp\/v2\/tags?post=17616"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![\"\"](\"https:\/\/www.pgmcapital.com\/wp-content\/uploads\/2018\/08\/331px-CNOOC_Logo.svg_.png\"){kind=spacer}
<\/a><\/p>\nCANOPY GROWTH AT ALL TIME HIGH:<\/h3>\n
<\/a><\/p>\n<\/a>PGM CAPITAL COMMENTS & ANALYSIS:<\/h3>\n
CNOOC ltd:<\/h4>\n
Canopy Growth Corporation:<\/h4>\n
Disclosure:<\/h4>\n
<\/a><\/p>\n