One concern is that its production cost is rising, but as long as the oil price is high, that's acceptable.
More Quotes from Gideon Lo:
The company increased the overall supply of shares and the market needs time to digest this.Gideon Lo
To China, it is so important to secure its crude supply.
Gideon Lo
India needs to cooperate with China more than China needs India, because it is difficult for India to win over China when they bid for assets.
Gideon Lo
The new austerity policy has created a small concern on the China side and there is a correction in the crude price overnight, so the market sentiment right now is not very good.
Gideon Lo
Greenspan said that the U.S. economy had showed resilience despite soaring global crude prices, suggesting that the tolerance level of the U.S economy is much higher.
Gideon Lo
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