(CNOOC) - Slim overseas pickings for mainland oil

gemischter interim report:
s Gas
output
dennoch
neue ölpreise sind noch nicht drin...

CNOOC (00883)
Financial Statements - [Interim/Half-Year Report]
2007 INTERIM REPORT
http://www.hkex.com.hk/listedco/listconews/sehk/...s.asp?id=000547509  

883 CNOOC 10.1 +0.31 +3.17 933,007 92,412  

Cnooc Ltd. led oil producers higher after crude prices rose to a record. PCCW Ltd. advanced to a 10-month high on a report that businessman Nelson Wong Kam Fu bid HK$68 billion ($8.7 billion) for its assets.

883 CNOOC 11.52 0.86 8.07 1,551,826 136,056  

CNOOC (883, $10.66) 12M Target $11.9 Trading BUY

With LH11-1 back in production ahead of schedule, we believe the near-term overhang on its stock price has been removed. Over the next few years, we see a steady flow of new projects coming on stream. These include 1) OML-130, the Nigerian project, which should deliver its first oil in 4Q08;and 2) Penglai and Wenchang, which together would add about 240kb/d in production. In all, we forecast CNOOC’s production to rise at CAGR of 13% between 2006 and 2010.

Coupled with a high oil price environment, we are bullish on the short- to medium-term outlook for CNOOC.

Trading at 16.4x PER of 2007and 12.5x PER of 2007, we maintain BUY recommendation with target price of $11.9 in 12-month, representing 14x 2008PER.  

883 CNOOC 12.64 0.7 5.86  

AFX News Limited
Aegon China insurance JV applying for QDII license - report



                
§
BEIJING (XFN-ASIA) - Aegon-CNOOC Life Co, a 50-50 joint venture between Aegon NV and the China National Offshore Oil Corp (CNOOC), is applying for Qualified Domestic Institutional Investor (QDII) status, the official Shanghai Securities News reported, citing the venture's general manager Marc van Weede.

'We are very interested in the QDII scheme, and we have started such an application,' Weede was quoted as saying.

'Currently, our investments are focused on bonds and managed funds, and we have no plan to invest in the domestic stock markets by entrusting our funds to an outside manager,' he said.

Currently, Chinese insurers' equity investment activities are confined to nine insurance asset management firms, with other insurance companies investing in equities via these nine.

In late July, China's insurance regulator allowed Chinese insurers to invest up to 15 pct of their total assets in overseas markets. Chinese insurers will be encouraged to appoint other professional investment institutions to manage their overseas investments.

In August, Sino Life Insurance Co, in which Tokio Marine & Nichido Fire Insurance Co and Millea Asia Pte Ltd hold a combined 24.99 pct stake, won regulatory approval to invest in H-shares and red chips on the Hong Kong stock market.

Previously, only China's top three insurers, China Life, Ping An and PICC, were authorized to invest overseas with a combined quota of about 3.5 bln usd under the QDII program.

(1 usd= 7.51 yuan)

 

Cnooc Target Raised To HK$10.17 Vs HK$8.13 By Bear Stearns  

CNOOC et COSCO s'associent pour exploiter des ressources énergétiques
PUBLICITE

La China National Offshore Oil Company Ltd (CNOOC), plus grand producteur de gaz et de pétrole offshore du pays et 3e plus grande compagnie pétrolière de Chine, a signé un accord sur l'exploitation de ressources énergétiques avec la China Ocean Shipping (Group) Company (COSCO Group), le plus grand groupe de transport maritime de Chine.

Les deux parties ont convenu d'exploiter conjointement des ressources énergétiques telles que le gaz naturel liquide (GNL) en transférant des parts de CNOOC dans le groupe COSCO ou par co- financement, a déclaré CNOOC dans un communiqué sur son site internet.

Les deux compagnies coopéreront également dans la contruction navale, selon le communiqué.

CNOOC et COSCO ont coopéré dans le transport de pétrole brut, de produits pétroliers, de GNL, de gazoducs et autres équipements.

"Nous sommes complémentaires de COSCO dans les affaires et les prospections pour une coopération mutuelle sont prometteuses", a dit Fu Chengyu, président-directeur général de CNOOC.

CNOOC a rapporté au premier semestre des profits nets en baisse de 10,6% par rapport à la même période de l'année dernière, à 14,55 milliards de yuans.

Le groupe COSCO est le plus grand réparateur, bureau d'études et constructeur naval, et un des premiers conglomérats de transport maritime au monde.  

Offshore oil producer CNOOC Ltd (0883.HK: Quote, Profile , Research) raced up 5.3 percent to HK$13.14. Top mainland oil producer PetroChina Co Ltd (0857.HK: Quote, Profile , Research) gained 3.3 percent to HK$14.52  

Credit Suisse raises target price of CNOOC to HK$15.50 from HK$10.15, on back of higher earnings' assumption. "CNOOC appears to be in a sweet spot -- high oil price estimates and an accelerating volume growth outlook for oil, suggests earnings growth could not only outpace global peers, but also peers in China."

CNOOC's A-share issuance expected next year could provide technical support.
Keeps on Outperform call. Stock down 2.6% at HK$12.96 on profit taking.

12:48 883 CNOOC 13.22 -0.08 -0.60 1,506,610 114,851  

 

CNOOC (883 ) Company/Securities Name: CNOOC Ltd.   Principal Activities: Exploration, development and production of crude oil and natural gas offshore China.  Chairman: Fu Chengyu  Principal Office: 65th Floor Bank of China Tower 1 Garden Road Hong Kong  Place Incorporated: Hong Kong   Business Classification: Industrials   Registrar: Hong Kong Registrars Ltd.  Listing Date : 28/2/2001  Trading Currency: HKD  Authorised Shares: 75,000,000,000   Issued Shares: 43,498,700,876  (as at 31/8/2007)   Par Value: HKD 0.0200   Board Lot: 1000  Market Capitalisation: HKD 543,733,760,950  Financial Data Financial Year End Date: 31/12/2006  Net Asset Value: RMB 107,771,928,000  Net Profit (Loss): RMB 30,926,943,000  Earnings per Share: RMB 0.7275  P/E Ratio: 17.00  Trading currency: HKD  Market Capitalization: 543   Earning per Share: 0.7351  EPS Adjustment Indicator:   Last Updated: 5/10/2007
	Remarks : Due to reporting and updating time-lag, users should exercise caution when using the data presented in the Investment Service Centre.
	Entitlement Ex-date Details Financial year end B/C date 12/09/2007   Int Div 13 cts   31/12/2007   14/09/2007 - 21/09/2007   16/05/2007   Fin Div 14 cts   31/12/2006   18/05/2007 - 25/05/2007   13/09/2006   Int Div 12 cts   31/12/2006   15/09/2006 - 22/09/2006   15/05/2006   Fin Div 10 cts   31/12/2005   17/05/2006 - 24/05/2006   13/09/2005   Int Div 5 cts Sp Int Div 5 cts   31/12/2005   15/09/2005 - 22/09/2005   13/05/2005   Fin Div 3 cts Sp Div 5 cts   31/12/2004   18/05/2005 - 25/05/2005

__________________________________________________ "Malo mori quam foederari - Lieber sterben als sich entehren"

 

würde gerne die Quelle deiner News erfahren. Danke.

Kurs aktuell in HK Freitag

CNOOC (883 )   Nominal Price Net Change Change (%) Bid Ask P/E(x) 12.5 0.74 6.293 12.5 12.54 17   High Low Previous Close Share Volume ('000) Turnover ('000) Lot Size 12.56 11.9 <!-- %= v_lastClosePrice % -->11.76 157,467 1,934,362 1,000

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__________________________________________________ "Malo mori quam foederari - Lieber sterben als sich entehren"

 

CNOOC "outperform," target price raised

Thursday, October 04
Credit Suisse

Analyst P Gokhale of Credit Suisse maintains his "outperform" rating on CNOOC Ltd (ticker: NC2B), while raising his estimates for the company. The target price has been raised from HK$10.15 to HK$15.5.

In a research note published yesterday, the analyst mentions that the company’s volume growth is likely to accelerate into 2008 and 2009 and the earnings growth CAGR to 2010 is expected to exceed 15%, representing a faster growth rate than expected for MSCI China. CNOOC’s stock is likely to outperform that of MSCI China and would continue to outperform PetroChina’s stock, the analyst says. The EPS estimates for 2008-2010 have been raised by 10%-12% to reflect the 12% rise in oil prices.  

NY jetzt gleich: $155.10 hi $156  gestern/Freitag....:  $164.04  = = -8$/-5%

HK Heute nachmittag
CNOOC (0883)  
Last Price :  h$11.960    Change :  h$0.54 ( 4.32% )  

In dem Moment nach der Mittagspause als der Kurs einbricht (wie fast alle anderen auch)ist der HSI +/-28500.
davon ausgehend, dass nächste Woche das Parteientreffen ist, kan es sein, dass der Kurs (ohne Ausseneinwirkungen) die ganze Woche um das Mittel herum"hovert", genauso wie der HSI +/- 1-2000 rumwandern wird.
Öl fällt derzeit ein wenig, ein momentaner Faktor
China wird die 3 Börsen zusammenfügen..Anfang 08 ???????
Derzeit besteht noch ein grosser spread zwischen SZ,SH und HK der im Vorab geschlossen werden muss....

viel Glück  

 

Cnooc Ltd., China's largest offshore oil company, jumped 7.4 percent to HK$14.54 in Hong Kong. The company plans to more than double production at the Bohai Bay field in northeastern China in the next five to six years, according to company officials.  

CNOOC New Fields To Boost Gas Output Significantly


CNOOC (0883.HK) says 2 gas fields off southern Hainan province will add 2 billion cubic meters of annual output to company; addition quite significant vs company's total gas output of 5.07 billion cubic meters last year. But CNOOC shares not likely to jump sharply for now, as field won't come on-stream until September 2008. The fields, Ledong 22-1 and Ledong 15-1, have combined recoverable reserve 37.5 billion cubic meters, should be able to produce for 12 years. Output will be used as feedstock for company's methanol facilities nearby. Stock +1.3% at HK$14.48 in heavy volume, off HK$14.90 intraday high.  

China's CNOOC to acquire Hebei Zhongjie Petrochemical Group


BEIJING (XFN-ASIA) - China National Offshore Oil Corp, the country's dominant offshore oil and gas producer, agreed to acquire Hebei Zhongjie Petrochemical Group Corp as CNOOC enhances its downstream operations, the two firms said.

The two companies signed the agreement on Oct 12, the report said.

After the deal, CNOOC, the parent of CNOOC Ltd (HK 0883), plans to boost the annual refining capacity of Hebei Zhongjie to 10 mln tons within three years.

The deal is pending approval from regulators, it noted.

No financial details were provided.  

First Support Level   12.40   First Resistence Level   13.64
Second Support Level 11.84 Second Resistence Level 15.00  

 

_

CNOOC comes knocking for Aker

Filed from Aberdeen 11/16/2007 8:56:00 AM GMT

CHINA/NORWAY:  Aker Kvaerner has signed two deals with

 

One contract is for the delivery of a complete marine drilling riser system and associated equipment, while the other is for delivery of mooring equipment to a new deepwater semisubmersible drilling unit.

 

Contract values are undisclosed. The marine drilling riser system has a total length of 7,500 feet (2,286 m).

 

 "The Chinese deepwater market has tremendous potential. Up until now most of the oil exploration in China has been in shallow waters. However, CNOOC is now taking their efforts to a new level," said Raymond Carlsen, executive vice president, Aker Kvaerner Subsea.

 

The marine drilling riser system will be manufactured and delivered out of Aker Kvaerner Subsea's new high tech manufacturing centre in Malaysia. Delivery is scheduled for quarter two of 2010.

 

Aker Kvaerner subsidiary, Aker Kvaerner Pusnes will deliver its mooring equipment to CNOOC's drilling rig.

 

"We set up our manufacturing centre in Malaysia to capitalise on the expected subsea boom in the Asia-Pacific region. This first delivery to the Chinese offshore market is another proof that it was the right thing to do," said Carlsen.

http://www.energycurrent.com/?id=2&storyid=6859

 

 

"Malo mori quam foederari - Lieber sterben als sich entehren"

 

UBS Slightly Ups CNOOC Target; Good Buying Time

UBS slightly ups CNOOC's (0883.HK) target to HK$18.30 from HK$18.20, after house raises 2007-09 Brent oil prices forecast to US$71-74/bbl from US$60-67/bbl. Says stock's recent weakness "a good buying opportunity," shares have fallen 28% from intraday record HK$17.60 on Oct. 30. UBS likes CNOOC for its strong output growth in 2008-10, cost management; "the best vehicle to get exposure to crude oil prices." Adds "we might see CNOOC announce detailed reserves estimates on their discoveries and A-share listing plan." Keeps on Buy call. Stock now +0.5% at HK$12.54.  

Fulbright Securities

CNOOC (00883) The share price recently fell from high of $17.60 to below $12.00.

There is bargain hunting for the stock now, as crude oil surged to above US$94 per barrel. T
he share price will rebound.

Buy $13.20Target $16.00 Cut loss $12.00