Cnooc May Reward Investors Even if Oil Won't

The video discusses the limited outlook for crude gains, highlighting Nook's reserve potential and cost-cutting measures. It forecasts oil prices, with Brent expected to average $66 per barrel next year, and outlines Nook's CapEx plans to boost production and reserves. The video also analyzes why Nook is trading at a 30% discount compared to its peers, despite having a potential 29% gain over the next 12 months.

What is one of the reasons Nook is in a better position compared to its regional peers?

• Higher hauling costs

• Lower oil prices

• Robust track record in cost-cutting

• Lack of reserve potential

What is Nook's strategy to capture strong oil prices?

• Reducing production

• Increasing capital expenditure

• Selling off reserves

• Decreasing market presence

Which project is contributing significantly to Nook's reserve expansion?

• A project in Africa

• A project in the Middle East

• A project operated by Exxon Mobile in Latin America

• A project in Europe

Why is Nook trading at a discount compared to its peers?

• High investor confidence

• Strong first quarter results

• Investor disappointment over first quarter results

• Overvaluation concerns

What is the potential gain for Nook over the next 12 months according to analysts?

• 10%

• 29%

• 50%

• 5%