CNOOC Ltd (883) Earnings Surpass Expectations with FY Revenue Beating Estimates

CNOOC Ltd on Smartkarma

CNOOC Ltd, a major Chinese oil and gas company, has been under the spotlight of top independent analysts on Smartkarma, an independent investment research network. According to Travis Lundy‘s research report, the company’s stock performance was affected by the wide spreads and narrow spreads of its A/H premium, with liquid Hs outperforming but falling 11 basis points on the week. However, the New/Better A-H Premium Tracker provides comprehensive data on A/H premium positioning, southbound and northbound flows, and volatility in pairs over time. On the other hand, Lundy’s other report suggests that it may be a good time to stay long on Hs vs As for the new year, as the A/H premia remain wide and can potentially contract. The report also highlights that CNOOC Ltd and China Mobile are now both on the buy side, while Tencent is not, as seen in the recent HK Connect SOUTHBOUND flows.

A look at CNOOC Ltd Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

According to the Smartkarma Smart Scores, CNOOC Ltd has a positive long-term outlook. The company has received high scores in growth and momentum, indicating that it is performing well and has potential for future growth. CNOOC Ltd is also considered resilient, meaning it has the ability to withstand economic downturns or other challenges. Additionally, the company has a strong dividend score, suggesting that it may be a good option for investors looking for steady income.

CNOOC Ltd is a company that explores, develops, produces, and sells crude oil and natural gas. It primarily operates in offshore China, with a focus on areas such as Bohai, Western South China Sea, Eastern South China Sea, and East China Sea. The company also has oil and gas assets in other regions around the world, including Asia, Africa, North America, South America, and Oceania. With its high Smartkarma Smart Scores, CNOOC Ltd is likely to continue its success and growth in the long-term future.

Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.

💡 Before it’s here, it’s on Smartkarma