China Oilfield Services | StockChase
6
China Oilfield Services (2883-HK)

Last Price Recorded: $0.0000 on 0000-00-00

ON STOCKCHASE SINCE May 2012

Hong Kong exchange

0

China Oilfield Services


Signal Opinion Expert

2015-09-16

PAST TOP PICK
China Oilfield Services (2883-HK)

(A Top Pick July 10/14. Down 56.67%.) Oil was a bad place to be, and being in China was even worse. This company does all the exploration offshore, for China. China wants to decrease their dependency on imported oil, so they will continue to spend money offshore. Trading at about 60% of its tangible book value, which is more than 2 standard deviations below its norm. It is cheaper than it was during the crisis in 2008. He can’t sell at these levels, if anything, would be adding to his holdings.

Mark Grammer

Managing Dir. & Portfolio Manager, Gluskin Sheff & Associates

Price: $0.000
Owned: Yes

2014-07-10

TOP PICK
China Oilfield Services (2883-HK)

A really good growth company. Have done a great job of slow and steady growth. They do offshore drilling in China, and China needs a lot of oil. Even if there is a slowdown in housing, there will still be a huge demand for oil. Trading on single-digit multiples with double-digit growth. Yield of 2.69%.

Mark Grammer

Managing Dir. & Portfolio Manager, Gluskin Sheff & Associates

Price: $0.000
Owned: Yes

2013-06-07

PAST TOP PICK
China Oilfield Services (2883-HK)

(A Top Pick August 9/12. Up 32.95%.)

Mark Grammer

Managing Dir. & Portfolio Manager, Gluskin Sheff & Associates

Price: $0.000
Owned: Unknown

2013-04-02

PAST TOP PICK
China Oilfield Services (2883-HK)

(A Top Pick May 3/12. Up 35.45%.)

Mark Grammer

Managing Dir. & Portfolio Manager, Gluskin Sheff & Associates

Price: $0.000
Owned: Unknown

2012-08-09

TOP PICK
China Oilfield Services (2883-HK)

It is about valuation.  Trades almost in single digits.  Sister company made acquisitions in Canada and will provide opportunities for them to learn.  Expects they will grow.  Doesn’t expect oil to go through $100.  It is self-correcting and as they get too high it slows down the economy. 

Mark Grammer

Managing Dir. & Portfolio Manager, Gluskin Sheff & Associates

Price: $0.000
Owned: Yes

2012-05-03

TOP PICK
China Oilfield Services (2883-HK)
(Hong Kong exchange.) The driller and its parent also owns the oil company meaning they are going to get most of the business. Grew almost 30% last year, coming off a week year but he is expecting double-digit growth. Stock is on forward earnings at about 8X. Great exposure to deep water and shale development. Very cheap.
Mark Grammer

Managing Dir. & Portfolio Manager, Gluskin Sheff & Associates

Price: $0.000
Owned: Yes

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