Sinopec Shanghai Petrochemical Co. (ADR)
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Emerging Chinese Aluminum and Copper Titans
By Nick Slepko - December 31, 2012 | Tickers: ACH, CHIM, COPX, JIXAY.PK, SHI
Prior to joining Global X Funds, Alex Ashby lived and traveled extensively throughout Asia. He currently manages a group of six ETFs covering the consumer, energy, financial, industrial, material, and technology sectors of the Chinese economy. The Global X China Materials ETF (NYSEMKT: CHIM) provides investors with exposure to materials companies in China and is designed to be a transparent, cost-efficient way to get access to the growing demand for more »
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Potential Acquisition Candidates in Canadian Oil and Gas
By Eric Fox - August 3, 2012 | Tickers: CNQ, ECA, XOM, NXY, SHI, SU, TLM
The recent purchase of Nexen (NYSE: NXY) by CNOOC Ltd. seems to have put the entire Canadian oil and gas sector into play, and this deal is as good a time as any to review other potential acquisition candidates that might attract a buyer. This interest may be based on the target's own assets or as a backdoor strategy to get a base of operations in the United States more »
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Schlumberger - Reflections on Recent Earnings
By Eric Fox - August 2, 2012 | Tickers: CEO, XOM, RDS-A, SLB, SHI
Schlumberger (NYSE: SLB) reported earnings last week for the second quarter of 2012 and the financial report and associated conference call contained an immense amount of information on the company’s recent quarter as well as important management commentary on future trends. Here are some important items that an investor might have overlooked.
Acquisitions
Schlumberger closed on one previously announced acquisition and disclosed five other purchases that were made during more »
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Myanmar in the Middle
By Peter Pham - May 1, 2012 | Tickers: CEO, PTR, SHI
The latest news coming from Myanmar in the wake of the by-elections that saw National League for Democracy, led by Aung San Suu Kyi, take 43 of 45 seats up for grabs involve the lifting or easing of decades-old sanctions against the country. The U.S., the E.U., Canada and Australia have all done so in the past few weeks. Japan recently forgave more than $3.4 billion of more »
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What Rising Oil Prices Mean for Devon Energy
By Maxwell Fisher - February 27, 2012 | Tickers: CHK, DVN, SHI |
Billionaire hedge fund manager T. Boone Pickens says that oil will trade at an average of $110 to $120 this year. With benchmark oil prices at roughly $108 a barrel, we are well on our way there. Benchmark crude has increased by 9% year-to-date in 2012 and, with the ongoing issues surrounding the world’s third largest oil exporter, Iran, there is nothing to halt its climb.
People are worried more »
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3 Oil And Gas Stocks To Consider, 2 to Avoid
By Christopher French - February 8, 2012 | Tickers: OKS, SHI, SXL, WPZ, YPF
A good income investment strategy requires taking diversified positions in stocks that are subject to the least amount of risks that are present in their respective markets. For the energy sector, the Middle East will play a huge role in the near future and the companies that are not tied to the Middle East will be poised for success if current tensions escalate. Taking a preemptive position in companies that more »
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Fracking Foreigners
By Eric Volkman - January 4, 2012 | Tickers: CHK, DVN, SHI, TOT
The oil industry's hot trend of "fracking" (or hydraulic fracturing, if you prefer the scientific term) has recently attracted several deep-pocketed foreign companies to these shores. The latest pair to dock their boats is France's huge Total (NYSE: TOT) and China's Sinopec (NYSE: SHI). The former just closed a $2.32 billion deal on a 25% stake in an Ohio shale deposit operated by Chesapeake Energy (NYSE: CHKmore »)