(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.


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%.


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


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


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.

(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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China Oilfield Services(2883-HK) Rating

Ranking : 1 out of 5

Bullish - Buy Signals / Votes : 0

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 0

Stockchase rating for China Oilfield Services is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

China Oilfield Services(2883-HK) Frequently Asked Questions

What is China Oilfield Services stock symbol?

China Oilfield Services is a OTC stock, trading under the symbol 2883-HK on the (). It is usually referred to as or 2883-HK

Is China Oilfield Services a buy or a sell?

In the last year, there was no coverage of China Oilfield Services published on Stockchase.

Is China Oilfield Services a good investment or a top pick?

China Oilfield Services was recommended as a Top Pick by on . Read the latest stock experts ratings for China Oilfield Services.

Why is China Oilfield Services stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is China Oilfield Services worth watching?

In the last year 0 stock analysts on Stockchase covered China Oilfield Services. The stock is worth watching.

What is China Oilfield Services stock price?

On , China Oilfield Services (2883-HK) stock closed at a price of $.