$CNOOC(00883.HK) calculates CNOOC's annual profit based on Brent crude oil price
85 USD/barrel 185 billion HKD
90 USD/barrel 196 billion
95 USD/barrel 214 billion
And CNOOC's market cap is only 1.28 trillion HKD at present…
$CNOOC(00883.HK) The conflict between Langzi and Yizi is long-term. Theoretically, the floor for oil prices will keep rising. Although it won't skyrocket into outer space, the average should fluctuate around 90. If we calculate profits at this price, then this old friend seems a bit attractive🤔
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