Aug 26, 2011
ConocoPhillips (NYSE:COP) has found seven new leaks off China's northern coast.
According to the State Oceanic Administration's North China Sea branch, ConocoPhillips found the new leaks near the Platform C of 19-3 Oilfeld in Bohai Bay.
Last week, the company reported nine leaks near the same platform, and is facing legal action for the spills.
ConocoPhillips (NYSE:COP) has a potential upside of 28.9% based on a current price of $64.24 and an average consensus analyst price target of $82.8.
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