$CNOOC(00883)$ is one of the best buys. It is currently trading at an incredibly cheap forward P/E of just 6.75x. The market is pricing it as an old oil driller, ignoring its superior upstream extraction efficiency and a nice juicy dividend yield of 4.85%.
CNOOC is the 3rd largest oil company in China and holds a monopoly as China's largest offshore oil and gas producer.
CNOOC is on track to hit its all time high production target of 780 million to 800 million barrels of oil this year..
With the current Iran war, CNOOC would certainly benefit.
@Tiger_comments @TigerStars @Tiger_SG
Modify on 2026-05-30 09:17
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