Sinopec (SNP) may fund its acquisition of $8B worth of its parent's assets by taking on...
Sinopec (SNP) may fund its acquisition of $8B worth of its parent's assets by taking on additional debt, which would add to an already heavy debt burden and limit its outlook on overseas acquisitions. The new assets would increase SNP's proven and probable oil and gas reserves by ~960M boe, raising its valuation but pushing its debt ratio sharply higher than its Chinese peers.
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