jump to navigation

I bought 7 CEO CNOOC shares, late, hopefully not too late… October 13, 2009

Posted by deminvest in CEO, China stock, Defensive Stock, growth stock, investment.
Tags: ,
5 comments

I wanted to buy the Chinese offshore oil company¬†CNOOC in March .I ¬†should have because CEO shares are 40% up now. Actually anybody should have bought about anything in March… markets are 60% higher!

Today I spent $1,028.37 to get 7 CEO shares ($146.13 each). If I had bought them in March I’d have 10 in my portfolio and some extra cash.

I chose this offshore oil company for several reasons:

1) China’s Economy is great. Not even the great recession could stop it.

2) Such liquidity may spur inflation. Oil is a commodity and it works as protection against inflation

3) Chinese car sales are up 80% from last year. I’m afraid there isn’t enough oil for all the World. Prices will go up.

(more…)

%d bloggers like this: