You don't like Exxon, put your money on a U.S. Competitor.
You did note this little factoid about CNOOC didn't you?
KEY EXECUTIVES...................................Age Position Pay Exercised
Mr. Tianpu Wang ,... 43 .... Pres ... N/A ... N/A
Mr. Ge Chen , ...... 44 .... Sec. ... N/A ... N/A
Mr. Xiyou Cai , .....44 .... Sr. VP ....N/A ... N/A
Houliang Dai , .......43 ... Deputy Chief Financial Officer and VP ......................... N/A N/A
Mr. Zhigang Wang , ... 49 Sr. VP N/A N/A
I assume the above-noted non-transparency doesn't bother you. Makes ENRON look like a paragon of virtue and bookkeeping integrity.
I like the ages too. Seasoned hands. Clearly they are not in fact in charge. Who pulls the strings? One need look no further than the CCP.
Not to mention that you would also be gambling on their not re-nationalizing at a moment of convenience or crisis.
If I were evil, like Todd, I would simply say: Go for it. Go for broke. Bet it all.
But being non-evil, and therefore, an enemy of Todd's Axis of Evil Overlords, I have to ask you...wouldn't you be better served...both personally...and as an American patriot... putting your money into U.S. energy extraction and R&D concerns?
A check of China's recently privatized airline industry shows the same lack of transparancy about their airline executives and investors.
Wait just a minute. Do you want a reduction in the trade deficit or not. Are you telling me that you don't know that when an American buys Chinese stock we get a reduction in our trade deficit? Please make up your mind, which is better --for us to buy and own more Chinese companies than they do of ours? Here I thought you loved the US but now you seem to be saying that you want the Chinese to own more of the US then we do of China? Do you actually want the US/Chinese trade deficit to continue to grow?
It's time to stop asking questions and just make a decision. Do I buy SNP or not? Yes or no?