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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Recs
This is a strong pick. With minor glitches, it will only go up.
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Cars on the road in China in 2006: over 20 million. In 2000 there were 6 million. Fuel consumption is skyrocketing. SNP is poised to profit from that growth.
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Energy consumption will increase, they will fill the demand.
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Overall Average: 96% - Buy
Price 85.56
Support 84.73
Pivot Point 85.41
Resistance 86.09
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high risk but I think it will soar. will be volatile.
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Tremendous long-term prospects and growth in region, favorable regulation by chinese gvmt, relatively low p/e. Growing comfort and awareness by U.S. investors.
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China's top refiner, and all those cars with more and more people to driver them. WOW
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China needs oil
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Oil prices go down, refining profits go up. China's largest network of gas stations
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Continued growth and demand for oil and chemicals in China will continue to drive this stock higher.
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Energy in a growing economy
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Petrol always make money... and let a lone the fact that it's in China.
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China growth and need for gas.
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