CNOOC Ltd. engages in the exploration, development, production, and sale of crude oil, natural gas, and other petroleum products. The company produces offshore crude oil and natural gas primarily in Bohai, Western South China Sea, Eastern South China Sea, and East China Sea in offshore China. The company was founded in 1999 and is based in Hong Kong, Hong Kong.
CEO Price Forecast Based on DCF Valuation
DCF Fair Value Target:
We started the process of determining a valid price forecast for Cnooc Ltd with a discounted cash flow analysis -- the results of which can be found in the table below. To summarize, we found that Cnooc Ltd ranked in the 16th percentile in terms of potential gain offered. We should note, though, that all scenearios modelled for this stock suggest it is overvalued. As for the metrics that stood out in our discounted cash flow analysis of Cnooc Ltd, consider:
The company has produced more trailing twelve month cash flow than 98.99% of its sector Energy.
The business' balance sheet suggests that 1% of the company's capital is sourced from debt; this is greater than just 4.09% of the free cash flow producing stocks we're observing.
CEO's estimated cost of debt, based largely on its market capitalization and its interest coverage ratio, is 2%; for context, that number is higher than 55.98% of tickers in our DCF set.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
BP, HLX, SHI, FTI, and ERF can be thought of as valuation peers to CEO, in the sense that they are in the Energy sector and have a similar price forecast based on DCF valuation.
CNOOC Limited (CEO) announced Jinzhou 25-1 oilfield 6/11 area has commenced production, in which it holds 100% interest. In addition to fully utilizing the existing facilities of Jinzhou 25-1 oilfield and Jinzhou 25-1S oilfield, the project has built one eight-legged wellhead platform.A total of 19 production wells and 10 water injection...
Announcing the project start-up on Monday, CNOOC said that, in addition to fully utilizing the existing facilities of Jinzhou 25-1 oilfield and Jinzhou 25-1S oilfield, the project has built one eight-legged wellhead platform.
CNOOC ([[CEO]] -1.1%) reportedly seeking buyer for Scott platform and its stakes in associated oilfields in the British North Sea. The company has appointed Lambert for the sale.The Scott platform ties into the Forties Pipeline System and the St. Fergus gas terminal.According to one source, EnQuest is considering the assets...