Impressive 1H21 results
$CNOOC(00883.HK$ EPS=RMB 0.75/shr; HKD 0.3/shr dividends declared (<40% payout ratio); Higher oil outputs achieved; Giant oil field discovery in Bohai Bay; Profits level comparable to 2014 (when oil price was $100). Couldnt ask for more 👍
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TMW1986 : Share price crashed. Omg.
101851523 : Weird that share price dropped but at 6x Latest 12 months PE, this is bargain of the year !! Q3 will be another blowout quarter as WTI of >US60 is more than Cnooc’s All-in Break even cost per oil Barrel of $29
moomoozenOP : Share price Dropped mainly due to tapering effect and overall market sentiment. ACCUMULATE when price < 7.7 to 8.0