BUY CNOOC ($CEO or 0883.HK) UNDER $100 or HK$ 7.9.
Any Non-US Investors feel like they may have missed the boat for the Energy Trade? Well, the recent US Blacklisting of US firms may have offered a second chance. CNOOC, China's 3rd largest oil producer.... with diversified oil assets around the world, a strong balance sheet and a 2022 Projected Free Cash flow yield (65ish oil) of over 35% has broken out in trading in HK Today. The US ADR Symbol is CEO. Recommend buying under $100 with a target of $200 within this year and if you believe in the longer term story for EEM, China, Oil & Gas it could be a multi-bagger. The forced liquidations by US investors (due to the Blacklisting) appears to be over.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.