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. Our DCF analysis suggests the stock is overvalued by about 83.17%. As for the metrics that stood out in our discounted cash flow analysis of Cnooc Ltd, consider:
As a business, CEO is generating more cash flow than 98.97% of positive cash flow stocks in the Energy.
The business' balance sheet reveals debt to be 0% of the company's capital (with equity being the remaining amount). Approximately merely 3.78% of US stocks with free cash flow have a lower reliance on debt in their capital structure.
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 53.53% of tickers in our DCF set.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
For other companies in the Energy that have a similar discounted cashflow valuation profile (and ensuing price forecasts) as CEO, try XEC, SLB, CLB, ERF, and BP.
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...