SNP - CNOOC seen most at risk after NYSE delists Chinese telcos

CNOOC (CEO) -2.1% pre-market as Chinese oil majors are seen at risk to be the next firms delisted in the U.S. after the New York Stock Exchange said it would remove China's three biggest telecom companies.The NYSE says China Mobile (CHL), China Telecom (CHA) and China Unicom Hong Kong (CHU) will all be suspended from trading between Jan. 7 and Jan. 11, and proceedings to delist them have started, to comply with a U.S. executive order imposing restrictions on companies identified as affiliated with the Chinese military.CNOOC, China's largest offshore oil producer, is considered most at risk since it is on the U.S. Department of Defense list of companies it says are owned or controlled by Chinese military, and PetroChina (PTR) and Sinopec (SNP) also may be under threat as the energy sector is crucial to China's military.Pres. Trump also signed a law last month that would kick Chinese companies

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CNOOC seen most at risk after NYSE delists Chinese telcos