SEHK:883Oil and Gas
CNOOC (SEHK:883): Is the Recent Pullback a New Opportunity Based on Its 7.9% Undervaluation?
CNOOC (SEHK:883) has quietly pulled back over the past month, even though the shares are still up strongly over the past year and past 3 months. That gap is what investors are debating now.
See our latest analysis for CNOOC.
That recent 7 day and 30 day share price pullback sits against a healthier backdrop, with the 1 year total shareholder return near 25 percent and the 5 year total shareholder return above 360 percent. This suggests momentum is cooling rather than breaking.
If CNOOC’s long...