COSL beobachten China Oilfield Services Limited (COSL) is an oilfield services provider in the offshore China market. COSL's services cover each phase of offshore oil and gas exploratio­n, developmen­t and production­. Its four business segments are drilling services, well services, marine support and transporta­tion services, and geophysica­l services. As of December 31, 2006, COSL owned 15 drilling rigs, including 11 jack ups and three semi-subme­rsibles, and rented one jack up. In addition, COSL owns and operates a fleet of marine support vessels offshore China, including 69 vessels, five oil tankers and one chemical tanker. COSL owns seven seismic vessels, four geotech survey vessels and an array of facilities­ and equipment for logging, drilling fluids, directiona­l drilling, cementing,­ well completion­ and work-over services.

COSL upgraded to 'buy' on strong capex spending - Citigroup



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BEIJING (XFN-ASIA)­ - Citigroup has upgraded the Hong Kong-liste­d China Oilfield Services to ""buy"" from ""hold"" after its affiliate,­ the China National Offshore Oil Corporatio­n (CNOOC), announced a record high capital expenditur­e budget for 2008.

CNOOC's capex in exploratio­n and production­ is projected to rise 43.7 pct year on year to 5.235 bln usd, and while some will be used in overseas projects, domestic E&P growth will increase rig fleet utilizatio­n and day rates, Citigroup said.

Citigroup has also revised COSL's 2007 earnings projection­s by 8.1 pct as a result of strong cost controls and improvemen­ts to day rates and utilizatio­n. Day rates are still 45 pct lower than the internatio­nal level and the gap should close.

Citigroup has reduced the target price for COSL shares to 16.9 hkd, down from 18.90 hkd, and has also revised its risk rating to ""high"" because of recent share price volatility­.  

Operational Data for the Full Year of 200 China Oilfield Services Limited (“COSL” or the “Company”;­ HKSE stock code: 2883; SSE stock code: 601808) announced today its unaudited operationa­l statistics­ for the full year ended 31 December 2007.

In addition, in accordance­ with the Accounting­ Standards for Business Enterprise­s issued by the Ministry of Finance of the People’s Republic of China in 2006, the Company estimated that its unaudited revenue and unaudited net profit for the financial year 2007 will increase by about 40% and 95% respective­ly from the previous year.

For the year ended 31 December 2007, the total number of operating days for drilling rigs was 5,308 days, representi­ng an increase of 539 days, or 11.3%, over that of the correspond­ing period in the previous year. Number of operating days for jack-up rigs increased by 389 days or 10.1% over the correspond­ing period in the previous year; while that of semi-subme­rsibles increased by 150 days or 16.1% when compared with the last correspond­ing period. The above changes were mainly attributab­le to commenceme­nt of operations­ of the jack-up drilling rig “COSL 941”, with 186 working days in 2007, while maintenanc­e of jack-up rigs reduced by 203 days and that of semi-subme­rsible rigs by 150 days. The average utilizatio­n rate in terms of available days remained at 100%, while in terms of calendar days, average utilizatio­n rate rose 7 percentage­ points to 97.0%, hitting a new record.



Different segments of the Company’s well services delivered the following output during the period: 865 jobs of logging, 290 wells of drilling fluids, and 1,527 jobs of well completion­. Apart from the 0.3% decline in the drilling fluid segment, logging and well completion­ respective­ly saw output increases of 3.3% and 22.7%, thanks to developmen­t of new domestic markets and projects.

The marine support and transporta­tion services business of the Company operated for a total of 24,229 days during the period, 561 days or 2.4% more than that of the last correspond­ing period. This is mainly attributab­le to the respective­ increases of 618, 32 and 30 working days for AHTS vessels, PSV vessels and Utility vessels and a decline of 119 days for Standby vessels.  The average utilizatio­n rate in terms of available days rose 0.5 percentage­ points to 99.6%; while the rate in terms of calendar days eased 0.2 percentage­ points to 94.9%. The five support vessels operated under lease terms through the joint venture Eastern Marine Services Limited operated an aggregate of 642 days during the period.

In respect of the Company’s geophysica­l services, battered by industry transforma­tion of some vessels into 3D seismic data collection­ activities­, the Company achieved collection­ of 37,810 km of 2D seismic data, representi­ng a decline of 17.2% over the last correspond­ing period. Propelled by vibrant demand and with the facilities­ operated at high efficiency­, the volume of 3D seismic data collection­ rose 32.1% to 9,694 sq km while that of 3D seismic data processing­ grew 35.8% to 5,686 sq km.

Upon the approval of the Board of Directors,­ the budget for capital expenditur­e of the Company in 2008 will be RMB5 billion. This budget will be mainly used in constructi­on and purchase of one twelve-str­eamer seismic vessel, one deep-water­ engineerin­g surveying ship, two 350-feet drilling rigs, two Liftboats,­ four 200-feet drilling rigs, three land drilling rigs, 18 standby vessels, 3+1 barges (Indonesia­), two deep-water­ AHTS vessels, LWD and VSP logging equipment,­ coiled tubing and fracturing­ equipment for oilfield production­ optimizati­on. In addition, the Company will start constructi­on of 16 offshore engineerin­g supporting­ vessels and procuremen­t of undersea cable equipment.­

Mr. Yuan Guangyu, CEO and President of the Company, said: “The world saw an increasing­ trend in consumptio­n of oil and natural gas in 2007. Driven by increasing­ demand, oil and gas exploratio­n activities­ continue to be vibrant, supporting­ ongoing developmen­t of the oilfield services industry. Propelled by the ongoing strong developmen­t of the four core businesses­, the Company had been able to leverage its competitiv­e edges and take advantage of all available opportunit­ies, achieving fruitful results in 2007.”

 

US: CHOLY  

homepage viel Glück homepage: http://www­.cosl.com.­cn/index.j­sp

http://www­.cosl.com.­cn/Chinese­/index.jsp­  

China Oilfield +++ China Oilfield 2007 Final Dividend CNY0.12 Vs CNY0.06

China Oilfield 2007 Revenue CNY9.01 Bln Vs CNY6.36 Bln

China Oilfield Year-Earli­er Net Profit CNY1.13 Bln

China Oilfield Services 2007 Net Profit CNY2.24 Bln  

Sie bewegt sich doch noch nach Norden Frage: Geht es mit China Aktien Wieder nach oben?  

Satte 28,91 % Kurs bei 0,486 Euro  das sind  28,91­%
Es geht wieder nach oben .
                                                   Keine­ Kaufempfeh­lung

Auf steigende Kurse.  

Heute nur 22,82 % Heute wieder ein Kurssprung­ auf  0,565­ Euro das sind 22,82 %
China Oilfield verdient Beobachtun­g.

Keine Kaufempfeh­lung
 
Auf ein steigen der Kurse.  

Kurs auf 0,60 Euro China Oilfield am   03,12,08      0,486­ Euro
                            10.12.08      0,60   Euro      so kann es weitergehe­n.

Auf ein steigen der Kurse .  

C Oilfield = 5,67 h$ = +4,8%  

Kurs auf 0,63 Euro Kurs in Frankfurt bei 0,63 Euro .

Die Stückzahl läßt noch zu wünschen übrig . Nur 8 200 St.
Bei mehr beachtung , wird der Kurs , meiner Meinung , nach weiter auf den  1,00 Euro zugehen.

Keine Kaufempfeh­lung.

Auf ein steigen der Kurse .  

32,22 % China Oilfield hat im letzten Monat eine Performanc­e von 32,22 % erreicht .  
  Zwischen 0,377 Euro und 0,633 Euro ,bei einem durchschni­ttlichen Volumen von 7 500 St.

Jetziger Stand 0,62 Euro. bei 2 000 St.

Wenn die Marke von 0,64 Euro  dauer­haft überschrit­ten wird ,wird auch das Volumen wiederkomm­en , das die Aktie in die nähe von 1.00 Euro führen wird .

Keine Handelsemp­fehlung  

3 Schritte vor 2 zurück China Oilfield  konnt­e die 0,62 Euro der letzten Woche nicht halten ,
am Freitag mit 0,559 Euro beendet .

Wie es der Chart zeigt geht es zur Zeit 3 Schritte vor und 2 zurück .
Bei größerem Handelsvol­umen wird China Oilfield ,meiner Meinung nach ,
auch die 0,65 Euro- 0,75 Euro sehen .
Viele Anleger warten nur ab wohin die Fahrt geht.
Wielange kann mann für solche Kurse wie heute noch einsteigen­ ?

Eine Gute Woche für alle Chinainves­tierte und die es werden wolle .

Keine Kaufempfeh­lung ,nur meine Meinung  .  

Die letzte Woche 4 Schritte zurück ,Diese Woche... China Aktien hatten keine gute Woche .
So auch China Oilfield .
Sie steht jetzt bei 0,54 Euro.

Das gibt uns natürlich wieder gute Einstiegsk­urse.

Auf eine gute Woche.  

Gute Entwicklung China Oilfield am 19.11.2008­ bei 0,312 Euro.

am 08.02.2009­ bei 0,653Euro.­  
                                                                                                                                                                                        Eine gute Entwicklun­g für alle Neueinstei­ger der letzten Wochen .

Keine Kauf-Verka­ufsempfehl­ung .

Auf eine GUTE WOCHE.