Seeking Alpha

Staying away from headline-grabbing overseas M&A deals and instead taking over upstream oil...

Staying away from headline-grabbing overseas M&A deals and instead taking over upstream oil and gas assets held by its parent is a wise strategy for Sinopec (SNP +0.3%), analysts say. “Unlike its peers, Sinopec appears insulated from overseas M&A risks. We view parent asset injection as a much safer way to increase shareholders’ value," Nomura says in lifting shares to Buy.
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