ZenMode

CNOOC is a Hong Kong Oil & Gas 8.78% Dividend Play

Long
ZenMode Updated   
NYSE:CEO   None
The moving average has been sloping down with the price, however I think we finally are seeing buyers re-enter this battered Hong Kong Energy play
Target Price is $130
Comment:
I forgot to add how good the cash flow is:
P/FCF 2.89
And the Debt/Eq is 0.33 which is incredible in this sector.

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