SEHK:883Oil and Gas
A Look At CNOOC (SEHK:883) Valuation After JPMorgan Upgrade On Higher Oil Price Expectations
JPMorgan’s decision to raise its earnings forecasts for CNOOC (SEHK:883) and upgrade the stock’s rating, citing higher oil price expectations tied to Middle East tensions, has put fresh attention on the offshore producer.
See our latest analysis for CNOOC.
The recent JPMorgan upgrade lands on top of a strong run, with a 34.26% 90 day share price return and a 69.86% 1 year total shareholder return suggesting momentum has been building rather than fading.
If rising energy prices have your...