Via invest4today.blogspot.com/:
If you have been following the energy markets lately you would have noticed that Light Sweet Crude hit an all time intraday high of $80.17 in electronic trading today. Whether the U.S. economic slowdown will put downward pressure on oil remains to be seen. I remain bullish on oil and crude oil trading volume. I am long both the NYMEX ( NMX ) and the Intercontinental Exchange ( ICE ). The global growth story will remain bullish for energy trading and demand. Today I increased my energy exposure with the addition of CNOOC ( CEO ), a Hong Kong based diversified energy company. CEO is more of a technical trade as it is one of the few energy stocks making 52-week highs.
Publicly Traded Chinese Energy Companies (Market Cap)
PetroChina ( PTR ) $260B
China Petroleum & Chemical Corp ( SNP ) $93B
CNOOC ( CEO ) $58B
I am long CEO, NMX, & ICE
$130.09 (09/13/07)
