What is the growth of Tongyuan Petroleum? Introduction of Tongyuan Petroleum

To analyze growth, you need to study the fundamentals of a company. Tongyuan Petroleum's main business is to provide guarantee services for oil exploitation, so it will be directly affected by the operation of oil exploitation enterprises. As we all know, the oil industry exhibits a clear cyclical nature, and the so-called cyclical nature is constantly changing with the good or bad macro economy.

The company's performance in recent years shows that asset quality has improved somewhat, but cash flow is showing signs of deterioration, which is of great concern to us.

Tongyuan Petroleum (300164) drilling business has made remarkable progress, and the performance growth is highly certain.

Based on the fact that the company's hydraulic fracturing business may advance more vigorously than previously expected, the company's 2013 and 2014 results have been revised upwards, respectively. It is estimated that the company's EPS in 2012-2014 will be yuan, yuan and yuan. The company's current ** valuation is low, and the share price has upside potential, giving it a "recommended" investment rating.

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The company's services and business cover more than 10 oil fields in China, such as Daqing, Changqing, Shengli, Xinjiang, Tarim, Tuha, Qinghai, Zhongyuan, Dagang, Haiyang, etc., and have offices in Indonesia, Kazakhstan, Sudan and other countries overseas.

In addition, the company has accumulated rich experience in the international transportation of hazardous explosives and radioactive sources, and has the ability to operate international air, sea and road transportation, which involves more than 10 countries in North America, Europe, Africa, Southeast Asia, the Middle East and Central Asia.

Adhering to the principle of better serving oilfield customers and providing them with the best stimulation program and technology, the company has also cooperated with a number of international leading oilfield engineering and technical service companies, and introduced a number of foreign advanced technologies, including cooperation with the American core company, one of the world's top 500 companies, in several domestic oilfields on fracturing stimulation tracer diagnosis technology, providing customers with world-leading technology to guide fracturing operations and evaluate the effect of fracturing, and won unanimous praise from customers.

The growth potential of Tongyuan Petroleum is very large, and it is recommended to hold it for a long time, and buy it at the beginning of January in another 14 years.

Tongyuan Petroleum is an oilfield stimulation service enterprise focusing on oilfield stimulation technology, integrating R&D, product promotion, Danguang and operation service. Relying on the self-developed emerging technology of oil and gas stimulation, the company is based on the field of oilfield services, and provides oilfield customers with composite perforator sales, composite perforation operation services, composite perforation special technical services, deflagration and anti-fracturing operation services and other oilfield services.