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CHK Oil ( (HK:0632) ) just unveiled an update.
CHK Oil Limited has entered into a Memorandum of Understanding with Aral Petroleum Capital LLP to explore potential cooperation in oilfield exploration and production in Kazakhstan. This move aims to diversify CHK Oil’s income stream and expand its operations beyond China and the US, leveraging its expertise in advanced oil and gas extraction technologies to enhance productivity and operational efficiency in Kazakhstan, which aligns with the Belt and Road initiative.
The most recent analyst rating on (HK:0632) stock is a Sell with a HK$0.50 price target. To see the full list of analyst forecasts on CHK Oil stock, see the HK:0632 Stock Forecast page.
More about CHK Oil
CHK Oil Limited is an investment holding company engaged in the exploration, exploitation, and sale of oil and natural gas, as well as trading oil, oil-related, and other products. The company operates in oil and gas fields in Utah and has an oil trading business in China.
Average Trading Volume: 10,713,558
Technical Sentiment Signal: Sell
Current Market Cap: HK$339M
For detailed information about 0632 stock, go to TipRanks’ Stock Analysis page.