Ex15:26

Sinopec: Potential for Growth

Randy, thanks for your effort and great article.

I don't own any energy stocks, but frankly am looking at them as potential short candidates for a temporary drop in oil px. (not saying this is one, just researching).

Coming from a long perspective though, you mentioned above that SNP doesn't make money unless oil is less than $76 and in fact, they got a capital infusion from PRC to offset losses. Unless your view is that oil will come down, does it make sense to own SNP?

In pricing action today, SNP moved up $5 - in your opinion is this a result of the falling price of oil (-4%).

Further, I'm just speculating here, but they actually might be a lone firm out there in the energy space that actually increases with oil decreases? Could actually be some kind of pair trade...?