Which Stocks to Watch on China's Growing Oil Consumption [View article]
"On the oil production side, that means giant PetroChina [NYSE Arca: PTR] and CNOOC [NYSE Arca: CEO], the China National Offshore Oil Corp. On the refining side we have Sinopec, aka Shanghai Petrochemical Co. [NYSE Arca: SHI]."
Information regarding Sinopac is incorrect and confused.
SNP: "China Petroleum & Chemical Corp," is the official name of the company commonly called Sinopec. It is an integrated oil company with more downstream then upstream assets, and often hurt by China's gasoline price control more than PetroChina does.
SHI: "Sinopec Shanghai Petrochemical Co " is only one of the listed subsidiaries of Sinopec, It is a producer of synthetic fibers and resins, and plastic products, NOT a refiner.
You should use SNP, not SHI, in the comparison charts.
A well written, balanced article. For someone who is not a China specialist, author has done his research and get a good perspective out of avanlanches of conflicting information, myths, facts, opinions, stories about China.
Which Stocks to Watch on China's Growing Oil Consumption [View article]
Information regarding Sinopac is incorrect and confused.
SNP: "China Petroleum & Chemical Corp," is the official name of the company commonly called Sinopec. It is an integrated oil company with more downstream then upstream assets, and often hurt by China's gasoline price control more than PetroChina does.
SHI: "Sinopec Shanghai Petrochemical Co " is only one of the listed subsidiaries of Sinopec, It is a producer of synthetic fibers and resins, and plastic products, NOT a refiner.
You should use SNP, not SHI, in the comparison charts.
China ETFs: Crisis and Opportunity [View article]