snp posts
FeedPosted May 24th 2009 9:00AM by Louis Navellier (RSS feed)
Filed under: Oil, Stocks to Buy
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.
Posted May 23rd 2009 9:00AM by Louis Navellier (RSS feed)
Filed under: Oil, Stocks to Buy
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
Posted Dec 1st 2008 12:22PM by Eric Buscemi (RSS feed)
Filed under: Analyst upgrades and downgrades, Netflix, Inc. (NFLX), Analyst initiations, Limited Brands (LTD), BHP Billiton Ltd ADR (BHP), Rio Tinto plc ADS (RTP)
Analyst upgrades:
- Oppenheimer upgraded shares of Premiere Global (NYSE: PGI) to Outperform from Perform on valuation and believes the company's strategic initiatives will drive "healthy" top-line results in a difficult economy.
- Citigroup upgraded Prudential (NYSE: PRU) to Buy from Hold on valuation, as they believe the stock is oversold at current levels. Though upgraded, the firm lowered their target price to $30 from $80.
- Citigroup also upgraded Bankrate (NASDAQ: RATE) to Buy from Hold as they believe the company will benefit from the financial market volatility and that the risk/reward is attractive at current levels. The firm maintains a $40 target on the stock.
- Hospitality Properties (NYSE: HPT) was raised to Outperform from Sector Perform at RBC Capital.
- Diamond Offshore (NYSE: DO) was upgraded at Merrill Lynch to Buy from Neutral.
- Alcon (NYSE: ACL) was upgraded to Outperform from Market Perform at Wachovia.
Analyst downgrades:Continue reading Analyst calls: PRU, RATE, ACL, LTD, STM, SNP, NFLX, RTP, BHP, OXY ...
Posted Aug 26th 2008 8:31AM by Douglas McIntyre (RSS feed)
Filed under: Earnings reports, Forecasts, China, PetroChina Co Ltd ADR (PTR)
China Petroleum (NYSE: SNP) has already announced that its profits were down 71% in the first half. Now PetroChina (NYSE: PTR) is getting ready to report a drop in its profits.
The culprit is China's energy policy, which is hurting investors in the Chinese oil industry. According to the AP, "While other global oil giants are reporting record profits, Chinese government price controls prevent PetroChina and other domestic refiners from passing on higher costs for crude oil to consumers." It is an excellent reason for investors to avoid these stocks.
The central government control of oil profits is a fine example of why China should not have taken many of its large companies private. China needs to keep gas and diesel prices down to control inflation and offer cheap fuel to maintain transportation costs of exports at low levels.
With oil trading around $120 a barrel, the oil refiners in China could actually swing to losses in the second half. China is driving investors out of its most important corporations. PetroChina already trades near a 52-week low. That is likely to get worse.
Douglas A. McIntyre is an editor at 247wallst.com.
Posted Jun 30th 2008 1:00PM by Eric Buscemi (RSS feed)
Filed under: Analyst reports, Analyst upgrades and downgrades, Whole Foods Market (WFMI), Safeway Inc (SWY), Level 3 Communications (LVLT)
MOST NOTEWORTHY: Texas Industries, TransGlobe Energy and Level 3 Communications were today's noteworthy downgrades:
- Stephens downgraded shares of Texas Industries (NYSE: TXI) to Equal Weight from Overweight as it believes higher energy costs will affect the company's ability to achieve its guidance. The firm lowered its target to $68 from $83.
- Jefferies assumed coverage and downgraded shares of TransGlobe Energy (NYSE:TGA) to Hold from Buy as it sees limited upside until the company completes its seismic activity and can better quantify its exploratory reserve potential. The firm lowered its target to $5.25 from $6.50.
- Citigroup downgraded Level 3 (NASDAQ: LVLT) to Sell from Hold as it believes the pullback in telecom valuations increases downside risk for the stock. Citigroup lowered their target price to $2.50 from $3.
OTHER DOWNGRADES:
Posted Jun 19th 2008 4:01AM by Douglas McIntyre (RSS feed)
Filed under: Major movement, International markets, China, Toyota Motor Corp. (TM), Japan, China Life Insurance ADS (LFC)
Markets in Asia were troubled by rising oil and concerns that the global economy is getting into more trouble as each week passes.
The Shanghai Composite fell 6.5% to 2,749.
In Hong Kong, the Hang Seng fell 2.2% to 22,807. China Life (NYSE: LFC) dropped 3.1% to 28.3 yuan. China Petroluem (NYSE: SNP) fell 3% to 8.07.
In Tokyo, the Nikkei dropped 2.2% to 14,130. Mazda fell 5.5% to 568 yen. Toyota (NYSE: TM) dropped 3.2% to 5490 on concerns that its truck sales were falling in the US.
Data from Reuters.
Douglas A. McIntyre is an editor at 24/7 Wall St.
Posted Jun 12th 2008 3:56AM by Douglas McIntyre (RSS feed)
Filed under: International markets, China, Toyota Motor Corp. (TM), Sony Corp ADR (SNE), Japan, China Life Insurance ADS (LFC)
A number of markets in Asia were down 2% or more lead by the Shanghai Composite which is off 45% since the beginning of the year, according to MarketWatch.
In Japan, the Nikkei dropped 2.1% to 13,888.6. Sony (NYSE:SNE) was down 2.8% to 5,130 yen. Toyota (NYSE:TM) was off 2.7% to 5,400.
The Hang Seng fell 1.7% to 22,925.31. China Life (NYSE:LFC) fell 2.4% to 28.40 yuan. China Petroluem (NYSE:SNP) dropped 2.7% to 7.39.
Data from Reuters.
Douglas A. McIntyre is an editor at 247wallst.com.
Posted May 13th 2008 10:20AM by Paul Foster (RSS feed)
Filed under: Options, China Life Insurance ADS (LFC)
China Petroleum & Chemical (NYSE: SNP), an energy and chemical company based in the People's Republic of China, closed at $98.35. WTI Crude Futures are down 0.33% to $123.82 according to Bloomberg. SNP overall option implied volatility of 46 is below its 26-week average of 57 according to Track Data, suggesting decreasing price risk.
China Life Insurance (NYSE: LFC) offers products and services, including individual life insurance, accident insurance and health insurance in China. LFC closed at $62.37. LFC overall option implied volatility of 42 is below its 26-week average of 50, suggesting decreasing price risk.
Option Update is provided by Stock Specialist Paul Foster of theflyonthewall.com
Posted Apr 23rd 2008 9:50AM by Paul Foster (RSS feed)
Filed under: Options
China Petroleum & Chemical (NYSE: SNP), an energy and chemical company based in the People's Republic of China, closed at $99.67 Tuesday.
SNP issued a profit warning on April 19 for 1Q08 indicting that net profits will decline more than 50% on a yoy basis. WTI Crude Futures are down 0.26% to $117.76 according to Bloomberg.
SNP overall option implied volatility of 53 is near its 26-week average of 55 according to Track Data, suggesting non-directional price risk.
Options Update is provided by Stock Specialist Paul Foster of theflyonthewall.com
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