AT FIRST GLANCE,UNO cal Corp.doesn't seem much of a prize.The El Segundo (Calif.) energy company-the nation's eighth-largest-has seen its oil and natural gas production fall steadily during the past decade.Its stock price has badly trailed its peers.Yet on Jan.6,Unocal shares jumped 10% when rumors began circulating mat the company might be acquired by China National Offshore Oil Corp.(CNOOC),one of the three largest energy companies in China and,like most other big outfits there,controlled by the government.
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