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Opinion on  China Petroleum & Chemical Corp (SNP)     Sector: Energy  >  Industry: Oil & Gas - Integrated
Refining Pressures

Jul 14, 2008 04:30 AM GMT
Return Risk
-5.49% LOW
Analyst

Sinopec's refining and marketing division has managed to stay profitable overall with oil prices at an average purchased oil price of $70-$80. However the current oil price even with successful hedging will have drastically impeded the profitability of this division. On this basis there is likely to be heavy losses in this division throughout the year despite government subsidies.

SNP:  This call was made on 07/14/08 @ $92.93
Rating:   Negative   $92.93 (07/14/08)
Closed:   07/14/2008 @ $92.93 (+0.00% in 5 hours)


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Latest Picks by robdxb
Symbol SP Sentiment Rating Return Since
SNP Neutral/Hold -15.47% 07/27/08

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robdxb previously rated SNP
Neutral/Hold -15.47% Neutral on SNP ...
07/27/2008
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Negative -10.99% Bearish on SNP ...
07/14/2008
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