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CEO (NYSE) Energy Sector Evan Farber/Brendan McMenamin Brian Boyd Jacek Kornas Adam Sheetz

CEO (NYSE) Energy Sector Evan Farber/Brendan McMenamin Brian Boyd Jacek Kornas Adam Sheetz Gautam Shringapure. China National Offshore Oil Company. Snapshot Slide. Our target price is: $33.50 Appropriate purchase price: $26 Size: 10.6 B Beta: NA Dividend: .88/share.

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CEO (NYSE) Energy Sector Evan Farber/Brendan McMenamin Brian Boyd Jacek Kornas Adam Sheetz

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  1. CEO (NYSE) Energy Sector Evan Farber/Brendan McMenamin Brian Boyd Jacek Kornas Adam Sheetz Gautam Shringapure China National Offshore Oil Company

  2. Snapshot Slide • Our target price is: $33.50 • Appropriate purchase price: $26 • Size: 10.6 B • Beta: NA • Dividend: .88/share

  3. Company Description • CNOOC Limited is an oil & gas company (headquarters in Hong Kong) focused on exploration, development and production offshore China. • Incorporated in 1982 to conduct exploration and production in China's offshore areas, both independently and as the exclusive Chinese partner for foreign entities.

  4. Management • Liucheng Wei Chairman, CEO • Shouwei Zhou Pres, Director • Mark Qui, Ph.D. CFO, Sr. VP • Ke Ru Exec. VP • Yunshi Cao Sr. VP, Gen. Counsel, Sec.

  5. Competitive Landscape • Three main oil & gas companies in China: • China National Petroleum Corporation (CNPC), • China National Petrochemical Corporation (Sinopec) • CNOOC - Are the dominant offshore petroleum company, the second largest natural gas company and the third largest petroleum company in China. • Foreign outsiders – Have to go through CNOOC, though

  6. Key Advantages • Largest Offshore exploration of oil & natural gas in China • Dominant producer of crude oil & natural gas and only company permitted to conduct exploration and production with international oil & gas companies offshore China.

  7. Company Goals • Increase production through the development of undeveloped reserves • Add to their reserves through a balance of independent exploration and production sharing contracts • Capitalize on growing demand for natural gas in China • Continue to improve operational efficiencies and lower production costs through the utilization of technology.

  8. Current News • Japan's largest oil refiner Nippon Oil Corp bought the 1st export cargo of Chinese Wenchang oil • The Wenchang project, an offshore oil field, is 60 % owned by CNOOC Ltd, with Canadian Husky Energy Inc holding 40%. • As well, partners with Phillips on oilfield NW of Bohai Sea, China’s 2nd largest oilfield • Plans to build its first refinery with Royal Dutch/Shell. • Build chemicals plant in Huizhou with RD/Shell • It has also signed an oil exploration contract with CPC of Taiwan.

  9. Financial Ratios • Market Cap: 10,661,990,000 • Daily Volume: 60,000 • Dividend: $0.88 • 52-Week High: $30.66 • 52-Week Low: $17.35 • EPS: 2.04 TTM • 1yr Projected EPS: 2.71

  10. Financial Ratios

  11. Financial Ratios

  12. Financial Ratios

  13. Why Should PSIA Invest Now? • China’s joining of the WTO marks opening of huge market, particularly for auto industry which is set to explode! • As well, taking advantage of newly open markets in Japan & E. Asia • Want to diversify the PSIA portfolio with ADR (foreign investment)

  14. Stock Chart

  15. Team Recommendation • Our Target Price: $33.50 • Appropriate Purchase Price: $26-27 • Buy now!

  16. Questions?

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