Last quote by Gordon Kwan
This is consistent with the Chinese government's reform drive to streamline state-owned enterprises, with a focus on profitability. CNPC takes the lead as it's under greater cost-cutting pressure compared to Sinopec, which has enjoyed decent refining and petrochemical margins thanks to lower oil prices.
Gordon Kwan has been quoted 4 times. The two most recent articles where Gordon Kwan has been quoted are Sinopec sells 50 pct gas pipeline stake to China Life and SDIC unit and China firm seeks state financing for $5.5 bln Caribbean oil project. Most recently, Gordon Kwan was quoted as having said, “The asset is fairly valued and the deal is a win-win for both parties. China Life is looking at a good long-term stable investment.”.
Quotes by Gordon Kwan
Dec 12 2016
The asset is fairly valued and the deal is a win-win for both parties. China Life is looking at a good long-term stable investment.
Nov 02 2016
[Guangdong Zhenrong] is just a political vehicle. It could subcontract to engineering divisions of Sinopec and CNPC ... The big oils prefer to keep a low profile, not being seen helping PDVSA directly.
Oct 12 2016
One reason the gold/oil ratio spikes around periods of financial crisis is because oil prices tend to fall when economic growth is weak and investors are worried, while gold thrives in that environment. Assuming gold stabilizes at $1,250, if the gold/oil ratio hits 20x, this implies oil price could rise above $60 per barrel, consistent with our 2017 Brent crude average forecast.
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