CNOOC, PetroChina Investors Should Be Pleased with Overseas Acquisitions [View article]
Crude oil is not trading on fundamentals right now. So it looks like inventories and demand are not the deciding factor. It's all about the dollar, at least this week anyway. These Chinese "government" oil companies will be big plays in the future but we are calling for a pull back in oil so you can get a better entry price, be patient!
While I exited PVX late with the collapse in crude, it has always been a great weak dollar play with a great dividend. Long term we need to be cautious with these Canadian Trusts funds as we have changes coming in 2011 from our friends with government Canada.
CNOOC, PetroChina Investors Should Be Pleased with Overseas Acquisitions [View article]
Commodities for Income Investors [View article]