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:
The table below illustrates the output of a discounted cash flow forecast using a variety of scenarios for Cnooc Ltd. To summarize, we found that Cnooc Ltd ranked in the 15th percentile in terms of potential gain offered. We should note, though, that the most conservative analysis suggests this stock will yield negative results -- and thus may be a potential short opportunity. The most interesting components of our discounted cash flow analysis for Cnooc Ltd ended up being:
The company has produced more trailing twelve month cash flow than 98.93% of its sector Energy.
The business' balance sheet suggests that 1% of the company's capital is sourced from debt; this is greater than merely 3.53% 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 56.09% of tickers in our DCF set.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
APA, CLB, COG, ERF, and BP 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 ([[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...