Wednesday, 14th December, 2005
It's that special time of year...
Keep CNOOC's Exclusivity
In an unwanted Christmas message, CNOOC Ltd (0883, NYSE:CEO) is seeking minority shareholders' approval to amend its parent's non-compete undertaking, which currently gives CNOOC an exclusive right to participate in production sharing contracts on discoveries made by foreign partners. We urge investors to vote against this value-destroying proposal. Why give up something so valuable for nothing?
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The 2005 Christmas Pick (4-Dec-05)
Season's greetings to all our readers - time for our annual stock pick, when Santa rummages in our sack of small-cap investments for the stock we think is most likely to perform over the next year. Last year, our pick gained 30.8%, much better than the 10.9% on the HSI. Over 6 years of picks, we've gained 474% and beaten the HSI by 392%. So what are we putting under the Christmas tree this year? Read on...
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David M Webb