Crude oil has been the most essential of industrial revolution today, Crude oil and energy related product the key point to achieve fast pace of growth. In economic theory the demand for energy continue to rise, more so for developing countries. China and india has been progressing tremendously for the past decade i would not be surprise if they were the major power in times to come. The key point i would highlight is energy supply, for crude oil the supply is limited, The most common distillations of petroleum are as various diesel fuel, gasoline, jet fuel, kerosene, LPG. Other derivative are alkenes that can made into plastic, lubricant, wax, petroleum coke etc I would not be surprise crude oil will rise to $200 per barrel in the next 5 years as easy extraction of crude oil become unavailable.
Today i will touch on few counter in STI that i am interested for long term investment.
CHINA ENERGY
Market Capitalization (USD) 426,151K
Revenue 680,124K
Earnings Per Share (EPS) 0.223
P/E Ratio 10.62
It is listed in STI index in 12/12/06 at a IPO price at $1.06, at current price of $0.46. Not vested will enter if price below $0.35-$0.4 will be holding until the next economic cycle.
China Energy Limited (China Energy) is a producer of dimethyl ether (DME). Most of the Company's DME is sold to liquefied petroleum gas (LPG) distributors, who blend it with LPG, and such fuel blend is then sold to end-consumers for household and industrial uses.
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