Investors interested in foreign exposure to crude should consider China Petroleum and Chemical (NYSE: SNP).

Imagine the demand for crude for a nation whose economy is growing like a weed. The economies of the world may be receding, but China is still growing. More importantly, its government is investing heavily in making sure that growth continues.

Given that fossil fuel is so critical to any industrial society, owning China Petroleum makes a ton of sense. The stock is up almost 50% since bottoming in March, but there are more gains to be had.

I rate SNP a B or Buy.

Next up: Oil Stock #3.

Oil stock #2: China Petroleum and Chemical (SNP) originally appeared on BloggingStocks on Sun, 24 May 2009 09:00:00 EST. Please see our terms for use of feeds.

With oil prices heading to $70 or more, owning oil stocks is a must for any investor looking to generate maximum returns.

Crude traders are betting that a stronger economy will result in increased demand for oil. At the same time, OPEC is holding firm on production cuts that reduces supply.

And let's not forget about the summer driving season which officially kicks off this Memorial Day weekend.

All of these factors mean investors can confidently operate under the assumption that oil prices will go up in the foreseeable future.

Continue reading 3 oil stocks for slick profits

3 oil stocks for slick profits originally appeared on BloggingStocks on Sat, 23 May 2009 09:00:00 EST. Please see our terms for use of feeds.

China Petroleum & Chemical

CNOOC Ltd (NYSE: CEO) is up $8.24 to $185.50. As of 12/31/06, CEO owned net proved reserves of approximately 2.53 billion barrels of oil. Dow Jones reported CEO is still waiting for security regulators to change its listing regulations so that the company can sell A shares on Shanghai, allowing Chinese investors to purchase CEO stock. CEO November call option implied volatility of 69 is above its 26-week average of 31 according to Track Data, suggesting larger risk.

Daily options update is provided by Stock Specialist Paul Foster of theflyonthewall.com.

Option update 10-15-07: China Petroleum volatility aggressive originally appeared on BloggingStocks on Mon, 15 Oct 2007 14:30:00 EST. Please see our terms for use of feeds.