China National Offshore Oil Corporation (Cnooc)

Definition:

One of the three major national oil companies of China. 70% owned by the government of China. A subsidiary is listed in Hong Kong and New York

Investing Essentials


Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University

Term of the Day

Up volume

When a stock closes increases in value on a particular day, the volume in that stock is considered up volume. Related: Down volume.

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