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CNOOC Limited (ADR) |
Quite simply, CEO is the best positioned company on the planet to make
consistent earnings this year / and for many years to come. It's half
owned by the Chinese government, and it's in the business that keeps
it's economy boaring full steam ahead. The Olympics are coming, and
you can be sure that the government will put on the greatest show on
Earth. Somehow I doubt that there will be a shortage of fuel in
Beijing (jeez, it took me a while to find the right spelling for that
world-renowned city) during the Olympics.
I may consider paring my favorite position during the Olympics (not
likely), but I'll have to see how I portend the overall outcome of the
"Games." As an american investor, why not make some money on the best
run company in China? This is probably the only position that I will
never trade out of in my lifetime.
My wonderful kids will hopefully put it to good use for their future
families, life and worthy charity.
BC