Right now I’m on a tour through Asia and judging by what I’m seeing here, there are very few signs of a slowdown!
I am seeing the same vibrant economies wherever I go. In Macau … in Hong Kong … in Thailand (despite yet another government coup) … and in the mother of all Asian economies, China.
Given what I’m seeing here in Asia, and the current pullback in oil and gas prices, I think now is a great time to take a look at Asian energy companies. Three of my favorites that I think are in the cat-bird seat to feed China’s intensely growing energy needs: China Petroleum & Chemical (SNP), CNOOC Ltd. (CEO), Yanzhou Coal Mining Co. Ltd. (YZC).
Keep in mind the pullback you’re seeing in oil and gas prices is nothing more than a much overdue correction in the market. All of my indicators continue to strongly suggest that we will see $150 oil and then $200 oil early next year.
So don’t let any bearish comments on the energy markets steer you away from the long-term trends … whether energy or Asia!
Related posts:
- My Seven “Must Own” Asian Dynamos … In one of my recent blog posts I told you now was a great time to buy Asia — particularly...
- Markets Get China Wrong Again! Oil tumbled this morning after China said they are set to raise gas and diesel prices by 1,000 yuan ($145.39)...
- Bingo! China’s Oil Imports Surging! Seems like my sources in Asia are right on the money. Check this out … China crude imports leap 25...
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When that happens, do nothing, and wait for either the next issue or any flash alerts I send out.
If you are looking for a China Company with a listing on the LSE, have a look at FTO.L (Fortune Oil). The name gives the wrong impression these days because the main business is coalbed methane gas recovery. There are one or two
heavyweight investors like the Kuok family.