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Cnooc (CEO) looks like an interesting Chinese stock for March March 20, 2009

Posted by deminvest in investment.
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CEO CNOOC is an oil company. It is very healthy, has plenty of cash is growing revenues 60% yoy and earnings 89% yoy.

It is is reasonably priced 7.2 times its current earning and 8.7 times its future expected earnigs, although now gas prices are government controlled. That could cut future earnings. CEO Gives out 2% yielding dividends.

Also, I will carefully look at:

China Petroleum & Chemical Corp. (SNP)

Sinopec Shanghai Petrochemical Co. Ltd. (SHI)

Comments»

1. I’m buying 7 CEO CNOOC shares, late, hopefully not too late… « Democratic Investments by the people for the people - October 13, 2009

[…] investment. Tags: offshore, oil trackback I wanted to buy the Chinese offshore oil company CNOOC in March .I  should have because they are CEO 40% up now. Actually anybody should have bought anything in […]


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