China Petroleum & Chemical Corp. (ADR) (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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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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This Stock is $$
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income will be improved over yeras
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China rebound
Alternative MCHFX..BEST CHINA mf
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Here's an energy pick. Yes, its Chinese. Yes, their economy is hurting like the rest of the world, BUT they have a never ending line of folks looking for oil or oil based products. Their government claims they will have no problem making their 8% growth for 2009. I think that it is only a matter of time before this one takes off again.
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snp is a big watch on my list. huge drop in 09/but alot of room for a comeback. fools keep an eye on this & if it looks ready to go/do a 3/5 buy & hold. this media driven frenzy cannot last forever!!!!!! fool on
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China and oil.
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sell itt
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Eventually yes
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Chinese will consume nore and more oil which meas better sales for SNP. The potential is huge. Let's hope the oil price will not expode.
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Lets face it, our dependence on oil is not going to vanish in the next year or so. This company has a great dividend, has a low p/e, strong revenue and eps growth, and consistently puts up profitable numbers. This is a must have combo growth / value stock.
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petro caina long
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Gasoline price is going up in China. This stock has 52wk range $78 - $178.91. Has potential.
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Petrolium and crued oil are way under rated at this time
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China play. Will benefit from china's oil price hike. May see new highs.

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