China Oilfield Services (2883-HK) Stock Predictions - Stockchase
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China Oilfield Services (2883-HK)

ON STOCKCHASE SINCE May 2012

Hong Kong exchange

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China Oilfield Services

2883-HK

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China Oilfield Services (2883-HK) SAVE Apr, 19, 2019, 9:18 am

8.51 0.1 (1.19%)

This company is not ACTIVE.

About China Oilfield Services (2883-HK)

China Oilfield Services is an oilfield service. It is a majority owned subsidiary of Chinese state owned company CNOOC Group. It also has a listed sister company in Hong Kong, CNOOC Limited. More at Wikipedia

What the experts are saying about 2883-HK



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PAST TOP PICK

(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.

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(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.

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Mark Grammer

Managing D, Gluskin Sheff & Asso...

Price Price
$0.000
Owned Owned
Yes

TOP PICK

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%.

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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%.

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Mark Grammer

Managing D, Gluskin Sheff & Asso...

Price Price
$0.000
Owned Owned
Yes

PAST TOP PICK

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

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

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Mark Grammer

Managing D, Gluskin Sheff & Asso...

Price Price
$0.000
Owned Owned
Unknown

PAST TOP PICK

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

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

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Mark Grammer

Managing D, Gluskin Sheff & Asso...

Price Price
$0.000
Owned Owned
Unknown

TOP PICK

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. 

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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. 

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Mark Grammer

Managing D, Gluskin Sheff & Asso...

Price Price
$0.000
Owned Owned
Yes

TOP PICK
(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.
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(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.
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0 comments
Mark Grammer

Managing D, Gluskin Sheff & Asso...

Price Price
$0.000
Owned Owned
Yes

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