CNOOC 0883

Re: CNOOC 0883

Postby winston » Wed Nov 21, 2018 4:44 pm

vested

<Research Report>G Sachs: Oil Price Retreat Provides Entry Pt for CNOOC (00883.HK)

Goldman Sachs found CNOOC (00883.HK)'s 2019 strategy and positioning more comfortable in the wake of significant exploration growth.

Recent oil-led retreat in CNOOC's price represents an appealing buying chance for investors.

Hence, CNOOC confirmed to raise capex amid recent plunge in oil prices, given current oil prices are way above the break-even level.

CNOOC was maintained Buy with target price of $16.1.

Further, the broker revised the 2018-2020 EPS forecasts for CNOOC by -1%/ 0%/ +1% respectively.

Source: AAStocks Financial News
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118528
Joined: Wed May 07, 2008 9:28 am

Re: CNOOC 0883

Postby winston » Thu Nov 22, 2018 11:38 am

vested

<Research Report>Macquarie: Unfavorable to CNOOC (00883.HK) if Oil Price at US$60/bbl

Supposing Brent oil price falls to US$60/bbl, such price level will be beneficial to PETROCHINA (00857.HK) and SINOPEC CORP (00386.HK) but adverse to CNOOC (00883.HK) under base/bear skew.

Particularly, the free cash flow yield for Sinopec/ PetroChina/ CNOOC will be 10%/ 5%/ 5% respectively, should oil price hit US$60/bbl.

Further, dividend yield for three oil giants will range 3%-9% assuming a US$60/bbl oil price, with Sinopec being the top.

Source: AAStocks Financial News
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118528
Joined: Wed May 07, 2008 9:28 am

Re: CNOOC 0883

Postby winston » Fri May 17, 2019 9:53 am

not vested

07 May 2019

<Research Report>C Suisse: CNOOC (00883.HK) TP $17 as Fundamentals Ahead of Int'l Key Peers

Credit Suisse opined that CNOOC (00883.HK) has better fundamentals than key international peers, hence standing out under current market volatility.

Unlike PETROCHINA (00857.HK) and SINOPEC CORP (00386.HK), CNOOC has the least policy uncertainty which could drive its continuous outperformance.

CNOOC was kept at Outperform with a $17 target, being the top pick among three oil giants.

Source: AAStocks Financial News
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118528
Joined: Wed May 07, 2008 9:28 am

Re: CNOOC 0883

Postby winston » Fri May 17, 2019 9:58 am

not vested

April 25, 2019

CNOOC (00883.HK) 1Q19 Net Output at 120M BOE; O&G Sales Revenue Down 1.1%

CNOOC (00883.HK) announced that, in the first quarter of 2019, the company achieved a total net production of 120 million barrels of oil equivalent (BOE), remaining stable on a yearly basis.

Production from offshore China increased 2.3% yearly to 79.3 million BOE, mainly attributable to commencement of production of new projects.

The unaudited oil and gas sales revenue of the company reached approximately RMB42.05 billion for the first quarter of 2019, down 1.1% yearly.

Source: AAStocks Financial News
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118528
Joined: Wed May 07, 2008 9:28 am

Re: CNOOC 0883

Postby winston » Fri May 17, 2019 10:06 am

not vested

April 3, 2019

<Research Report>UBS Downgrades CNOOC (00883.HK) to Neutral; Better Long-term Outlook Reflected

UBS downgraded CNOOC (00883.HK) from Buy to Neutral, while keeping its target at $16.3.

The broker's investment case for CNOOC was based on oil price leverage and robust reserves replacement potential to back long-term production.

CNOOC's price, already factoring in better long-term outlook, is expected to reflect a US$65/barrel long-term Brent oil price.

Source: AAStocks Financial News
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118528
Joined: Wed May 07, 2008 9:28 am

Re: CNOOC 0883

Postby winston » Fri May 17, 2019 10:10 am

not vested

Brokers' Latest TPs, Views on CNOOC (00883.HK) (Table)

2019/04/26

Brokers│Ratings│Target prices (HK$)

HSBC Global Research│Buy│19.71->19.64
Credit Suisse│Outperform│17
Citigroup│Buy│17
Morgan Stanley│Overweight│16.62
Goldman Sachs│Buy│16.45
UBS│Neutral│16.3
Bank of America Merrill Lynch│Buy│16
CICC│Buy->Hold│15.5
Deutsche Bank│Hold│15.07
JPMorgan│Neutral│14.88

------------------------

Brokers│Views

HSBC Global Research│Oil price uptick & shipment target fulfillment favor return performance
Credit Suisse│Stable business favors meeting full-year target
Citigroup│Capex run rate improves
Morgan Stanley│Operation guidance broadly in-line
Goldman Sachs│1Q production volume slightly misses
UBS│Results lackluster, London Brent oil futures uptick may catalyze stock price
Bank of America Merrill Lynch│1Q revenue, output in-line; robust capex, new discoveries back long-term growth
CICC│Sees latent oil price downward risks; lacks stock price catalyst
Deutsche Bank│Reiterates Hold; London Brent oil futures may recede in 2Q
JPMorgan│Revenue in-line; oil price-international oil price gap narrowed

Source: AAStocks Financial News
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118528
Joined: Wed May 07, 2008 9:28 am

Re: CNOOC 0883

Postby winston » Tue Jun 04, 2019 11:47 am

vested

<Research Report>C Suisse Lifts CNOOC (00883.HK) TP to $17.3; Rated Outperform

CNOOC (00883.HK) is going to become a winner amid pipeline reform, predicted Credit Suisse in its report.

National Pipeline Co.'s formation will provide a platform for CNOOC to link and sell its offshore-produced natural gas to onshore markets.

The broker assumed this could add market shares of the company in China's local gas market, which is an important factor of the company.

The rating on CNOOC was Outperform with target price raised to $17.3 from $17.

Source: AAStocks Financial News
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118528
Joined: Wed May 07, 2008 9:28 am

Re: CNOOC 0883

Postby winston » Fri Jun 14, 2019 11:15 am

vested

<Research Report>UBS Upgrades CNOOC (00883.HK) to Buy with Target Price $16.3

UBS' investment analysis on CNOOC (00883.HK) was based on oil price leverage, solid reserves replacement that is conducive to long-term production, and strong FCF and dividend payment track record.

The broker suggested that confirmation of robust 1H19 earnings and dividend payout by end-August could serve as CNOOC's positive catalysts.

As price weakness indicates good entry point, CNOOC was upgraded from Neutral to Buy, with target kept at $16.3.

Source: AAStocks Financial News
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118528
Joined: Wed May 07, 2008 9:28 am

Re: CNOOC 0883

Postby winston » Fri Jun 28, 2019 1:05 pm

vested

<Research Report>Citi Lowers CNOOC (00883.HK) TP to $16, Top-Pick in CN Oil Sector

Citigroup suggested CNOOC (00883.HK)'s DD&A could decline by another US$1.1/boe over the next three years.

With competitive breakeven oil prices of new overseas projects, the group's all-in cost shall remain at US$30/boe from 2019-21E.

The broker trimmed the 2019-21E earnings for CNOOC by 3%-5%.

As the Chinese oil top pick, CNOOC was kept at Buy, with target down from $17 to $16.

Source: AAStocks Financial News
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118528
Joined: Wed May 07, 2008 9:28 am

Re: CNOOC 0883

Postby winston » Thu Jul 18, 2019 11:48 am

not vested

<Research Report>Daiwa Downgrades CNOOC (00883.HK) to Hold, with TP Cut to $13.8

Daiwa downgraded CNOOC (00883.HK) from Outperform to Hold, with target cut from $15.7 to $13.8, reflecting weakening international oil prices.

The 2019 Brent oil price is estimated to be USD66 per barrel (down from USD68), while the 2020/21E oil price was lowered to USD67/ USD68 per barrel.

The broker projected a 3% YoY growth in CNOOC's annual net profit, driven by capacity increase and steady production costs.

However, CNOOC's 2019-21 EPS forecasts were trimmed by 5-6% on lower international oil price projections.

Source: AAStocks Financial News
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118528
Joined: Wed May 07, 2008 9:28 am

PreviousNext

Return to C

Who is online

Users browsing this forum: No registered users and 5 guests

cron