Yah but CEO is fully backed by China and gets a 51% stake in any oil or gas field in China. Plus it is profitable with a low PE. CEO will double and may go up 50% in 6 months as China allows offshore drilling.
i do think nep is undervalued and has potential but it is just a tiny tiny company compared to cnooc. not even in the same league as the deals cnooc has been doing over the last few years. they should have a lot of growth left for years. i do think nep is good too but you can not compare. look at ceo revenue growth, earnings growth, and dividend growth over the last five years. great.