On-the-ground in Asia …

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!
 

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