China Petroleum & Chemical Corp. (ADR) (NYSE:SNP)
The Company currently explores for, develop and produce crude oil and natural gas in a number of areas across China.
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Going to be huge demand for oil and petroleum in China in the coming years. Low P/E Ratio, high Dividend, above the 50 and 200 day SMA lines, and a positive MACD make this stock a no brainer
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This is tracking porfortlio of the the 20 stock I pick for 2012...
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An insider-based pick, insiders hold an enormous 92.9% of this stock, according to [http://www.zacks.com]. The PEG Ratio at only 0.92 according to the same source is attractive too.
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Large cap stock, price above 14-day moving average
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Buy CCGY too!
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low PEG, strong price uptrend
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pretty much a total guess. P/E and P/Book are low so... why not?
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low PEG
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china growth
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Still bi gfuture as demand in China increases
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tspy my portfolio
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Has solid yield with a value backing
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China and oil are 2 of my favorite ideas looking forward. Don't care for the fact that SNP takes orders from politicians regarding business. But it seem cheap fundamentally and undervalued logically.
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China's largest refiner. Gets subsidies from the government. In general, profits when oil goes down. But with its large oil buying spree, I don't know if that will hold in the future. Could be Exxon of China.
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target 86.75 - 100
stop loss 72
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China's expansion will continue to increase the oil demand for at least the next 100 years. There is going to be no quick world wide solution to oil dependency and the Chinese are as aggressive about oil expansion as any other industrialized nation.
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I love China, and I love Natural Resources
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