CNOOC Ltd

Of all the energy segments, the oil and gas transportation services segment noted the highest dividend yield.

To conclude our series on the biggest movers in the energy sector, we’ll look at the biggest losses from the US integrated energy sector this week.

Cenovus Energy (CVE) is the leading gaining stock in the current week from the integrated energy sector.

Hess’s Guyana interests Hess (HES), ExxonMobil (XOM), and CNOOC (CEO) jointly own interests in the Stabroek Block, located approximately 120 miles offshore Guyana. Hess, ExxonMobil, and CNOOC have 30%, 45%, and 25% stakes in the venture, respectively, and XOM is the operator. Hess and its partners sanctioned the first phase of a planned multiphase development of the Liza Field […]

Continuing with the biggest movers in the energy sector, we’ll now look at the top gainers from the US integrated energy sector for the week starting December 11.

Cenovus Energy is the biggest loser this week from the integrated energy sector. It has fallen from last week’s close of $11.26 to $10.17 on November 15.

Of the eight analysts covering CVR Refining (CVRR), one has rated it a “strong buy,” six have rated it a “hold,” and one has rated it a “sell.”

This week, which started on October 9, 2017, China National Offshore Oil (CEO) is at the top of the list of gainers in the integrated energy sector.

China’s (FXI) (MCHI) economy, based on some of its economic indicators, has recently shown signs of a slowdown.

Chinese exports in US dollar terms fell 7.7% in 2016 compared to 2015, making it the worst decline since 2009.

The China Caixin Manufacturing PMI (Purchasing Managers’ Index) rose to 50.6 in July from 48.6 in June. This indicates renewed improvement in operating conditions.

According to the National Bureau of Statistics, China’s industrial profits for firms above a designated size rose by 5.1% year-over-year to 616.3 billion yuan ($92.4 billion) in June.

China’s urban fixed-asset investments grew by 9.0% year-over-year in the first six months of 2016, compared with a 9.6% growth from January to May 2016.

The EIA reported that OPEC’s crude oil production rose by 510,000 bpd (barrels per day) to 32.7 MMbpd (million barrels per day) in June 2016.

According to the National Bureau of Statistics (or NBS), China’s industrial profits for firms above a designated size rose 3.7% year-over-year to 537.2 billion yuan.

The Fidelity Emerging Asia Fund (FSEAX) has emerged as a below-average performer among the nine funds in this review YTD (year-to-date) in 2016.

In the previous three parts of this series, we covered bullish catalysts for crude oil prices. Now, let’s look at some important bearish drivers for crude oil prices in 2016.

The Invesco Pacific Growth Fund – Class A (TGRAX) has been an above average performer.

The World Bank projected that China’s economy will decelerate to a 6.7% growth rate in 2016, which would be 0.2 percentage points lower than one year prior.

The Caixin China manufacturing PMI (or purchasing managers’ index) contracted further in May 2016 and came in at 49.2 compared to 49.4 in April.

We think that 2016 will be challenging for the Chinese economy. With policy support and improved credit conditions, economic activity stabilized in 1Q16.

Hedge fund managers had mixed opinions about China at the SALT (SkyBridge Alternatives) Conference. The conference ended on May 13.

Hedge fund managers such as John Burbank of Passport Capital and Michael Novogratz of Fortress Investment Group LLC turned bearish on China this year.

China is the world’s second-largest economy. Its economy started going downhill due to sluggish global demand. This impacted its trading partners.

According to customs data, China’s exports to the United States—the country’s biggest market—fell 9.3% YoY in April.

China’s Caixin Manufacturing PMI fell to 49.4 in April from 49.7 in March. This indicated further deterioration in the manufacturing sector.

According to the General Administration of Customs, China’s exports, in US dollar terms, jumped 11.5% YoY (year-over-year) in March.

The slowing Chinese crude oil production and robust demand from teapot refineries will lead to a 4% rise in Chinese crude oil imports.

From a purely net asset value return standpoint, the Invesco Pacific Growth Fund Class A (TGRAX) fell the least among its peer group during the one-year period ending March 31, 2016.

The Caixin China Manufacturing PMI rose to 49.7 in March—its highest level 13 months—from 48.0 in February, indicating deterioration in operating conditions.

China’s exports fell sharply by 25.4% YoY (year-over-year) in February—compared to a decline of 11.2% in January. It was the largest decline since May 2009.

On March 8, China’s Customs Department reported that its crude oil imports hit a record. China’s crude oil imports averaged 8 MMbpd in February.

CAJAX is invested into stocks of companies such as Tencent Holdings, Westpac Banking, Lenovo Group, Korea Electric Power, and CNOOC.

CAJAX aims to invest 80% of its net assets in securities of companies located in the Asia-Pacific region, excluding Japan.

The yuan accounted for 2.5% of global payments in January, slightly up from 2.3% in December 2015.

The SSE Composite Index rose by 4.3% from February 25 to March 3, 2016, after the PBoC announced its fifth rate cut since February 2015.

Some analysts believe that the unexpected drop in foreign trade was mainly due to a change in the timing of the Lunar New Year.

China’s crude oil imports fell by 20% in January 2016—compared to December 2015. It’s the lowest Chinese crude oil import level since October 2015.

The Year of the Monkey is believed to be energetic and positive. Leading up to the New Year, the Shanghai Stock Exchange Composite Index was flat for the week ending February 5 and closed at 2,763.49 points.

In NAV (net asset value) terms, in the one year period ending January 2016, Invesco Pacific Growth Fund (TGRAX) came in second place among our nine funds.

The Invesco Pacific Growth Fund, under normal circumstances, will invest “at least 80% of its net assets in securities of issuers in the Pacific region.”

Chinese energy companies CNOOC, China Petroleum & Chemical, and PetroChina fell below their 100-day and 20-day moving averages by an average of 11.6%.

The Caixin China Manufacturing PMI (or purchasing managers’ index) came in at 48.4 in January, slightly up from 48.2 in December.

The SSE Composite Index was flat from January 27 to February 3. It ended at 2,739.25 points on February 3, 2016.

The SSE Composite Index fell by 8.1% from January 20 to January 27. It ended at 2,735.56 points. Crude oil prices fell below $30 on January 26.

The Chinese energy companies CNOOC, China Petroleum & Chemical Corporation, and PetroChina have fallen below their 100-day and 20-day moving averages.

Chinese energy companies CNOOC, China Petroleum & Chemical, and PetroChina Company have fallen below their 100-day and 20-day moving averages.

Chinese energy companies CNOOC (CEO), China Petroleum & Chemical Corporation (SNP), and PetroChina (PTR) have fallen below their 100-day and 20-day moving averages by an average of 2.2% and 6%, respectively.

A week after the sanctions on Iran were lifted, the growing closeness between China and Iran points toward the start of a new economic alliance.

China’s GDP data grew at 6.9% in 2015 as the Chinese economy has been cooling down. This represents China’s slowest growth rate since 1990.

Kuwait has the lowest cost of extraction of crude oil at $8.5 per barrel. Alternatively, Iran has a cost of extraction that lies around $12.6 per barrel.

According to China’s General Administration of Customs, China’s exports fell 1.4% year-over-year in December 2015, compared to a fall of 6.8% in November.

The SSE Composite Index fell by 12.3% from January 6 to January 13, 2016, and closed at $2,949.60 on January 13 on concerns about China’s economic growth.

Staying below the neutral reading of 50, the Caixin China manufacturing PMI came in at 48.2 in December, down from 48.6 in November.

The Shanghai Stock Exchange (or SSE) Composite Index was dragged down 2.4% from December 22 to December 29 and ended at 3,563.7 points on December 29, 2015.

The Conference Board’s Leading Economic Indicator for China rose 0.6% in November, following a 0.3% rise in October and a 1.6% increase in September.

EBSAX holds a major portfolio of fixed income securities such as bonds and notes of various corporations and the federal government.

NCEAX fell by 1.3%. Weak PMI data, lower commodity prices, and uncertainty regarding the Fed’s interest rate hike contributed to negative investor sentiment.

The SSE Composite Index rose after the US Federal Reserve decided to raise the interest rate by 25 basis points. From December 9–16, 2015, the index rose 1.3% and closed at 3,516.2 points on December 16.

The SSE Composite Index fell by 1.8% from December 2 to December 9 and closed at 3,472.44 on December 9, 2015.

AQMIX gave a total YTD return of 4.1% to its investors. It’s better than the market S&P 500’s (SPY) YTD return of 3.5%. AQMIX is an alternative mutual fund.

As of December 10, 2015, AQMIX has a price-to-dividend yield of 3.9%. AQMIX’s three-year Sharpe ratio, a popular measure of risk, is 0.92%.

The AQR Managed Futures Strategy Fund STR I (AQMIX) uses the modern alternative hedge fund strategy “Managed Futures” for investment purposes.

AQMIX is an alternative mutual fund that invests in long and short positions across global equities, fixed income, currencies, and commodities.

The Caixin China Manufacturing PMI was 48.6 in November, slightly up from 48.3 in October, as manufacturing units signaled stabilized output in November.

The market is expecting that after the ban is lifted, Iran will be the leading natural gas producer in OPEC. The cartel has been led by Saudi Arabia.

According to the National Bureau of Statistics of China (or NBS), China’s industrial profits fell sharply by 4.6% in October from a year earlier.

The SSE Composite Index fell 5.3% week-over-week and ended at 3,436.3 points on November 27, 2015, after several large broking houses came under investigation.

CEO, SNP, and PTR are trading 9%, 8%, and 17%, respectively, below their 100-day moving averages.

The SSE Composite Index fell 0.25% and closed at 3,580.8 points for the week ended November 13, 2015. The SSE Composite Index was down after most of China’s macroeconomic indicators pointed to a slowdown.

The AllianzGI China Equity Fund Class A (ALQAX) and the RS China Fund Class A (RSCHX) benchmark their performance to the MSCI China Index.

In the quarter that ended on September 30, 2015, the returns of all four of our selected China-focused mutual funds were negative.

The SSE Composite Index was up by 0.6% from October 16 to October 23, 2015, and ended at 3,412.43 points on the week ended October 23, 2015.

For the one-month ended September 30, 2015, the Clough China Fund Class A (CHNAX) stands out as the worst performer of our China-focused mutual funds with a return of -2.2%.

The Conference Board LEI (Leading Economic Indicator) for China aggregates six economic indicators that measure economic activity in China.

China’s industrial production data were weaker than expected and grew by 6.1% year-over-year, or YoY, in August.

Due to recent stock market turbulence in China’s stock market, the SSE (Shanghai Stock Exchange) Composite Index was down 22.7% month-over-month and ended at 3,200.23 points on September 11.

China’s stock market has been in turmoil since June 2015. Its stock market had been soaring, but after May, there was a share selloff, which led to a crash.

Stocks from the financial sector form the biggest chunk of both funds. These stocks make up 33.9% of CHNIX, while forming 23.8% of the MCHFX.

Consumer prices have come down, with the CPI rising by just 4.9% in April 2015, compared to 8.5% a year ago. Yet food inflation shot up to 5.7% in April 2015.

On November 17, China took its first step towards opening up its stock market to foreign investment with the Shanghai-Hong Kong Stock Connect program.

Revenues increased primarily on account of higher offshore activity in Mexico, Russia, and North America. Rig revenue from Saxon also attributed to the growth.

Petrobras (PBR) explores, develops, and produces energy through three kinds of agreements in Brazil—the Concession agreement, the Assignment agreement, and the Production Sharing agreement.