5 Best Industrial Disributor Stocks To Watch Right Now

5 Best Industrial Disributor Stocks To Watch Right Now: China Petroleum & Chemical Corporation(SNP)

China Petroleum & Chemical Corporation engages in the exploration, development, production, and marketing of crude oil and natural gas properties primarily in China. It operates 16 oil and gas production fields in China. As of December 31, 2010, the company?s estimated proved reserves of crude oil and natural gas consisted of 3,963 million barrels-of-oil equivalent comprising 2,888 million barrels of crude oil and 6,447 billion cubic feet of natural gas. It also engages in the refining of crude oil; marketing and distribution of refined petroleum products; and production and sale of petrochemical products that consist of intermediate petrochemicals, synthetic resins, synthetic fiber monomers and polymers, synthetic fibers, synthetic rubber, and chemical fertilizers, as well as owns and operates oil depots and service stations. The company was founded in 2000 and is based in Beijing, the People?s Republic of China. China Petroleum & Chemical Corporation is a subsidiary of C hina Petrochemical Corporation.

Advisors' Opinion:

• [By Benjamin Shepherd]

  So far, 2014 has been a year of heightened geopolitical risk. Russia has annexed the Crimea region of Ukraine, Syria remains embroiled in a civil war, political protests continue in Egypt and Turkey, and North Korea has once again fired missiles into the sea to protest joint US-South Korea military exercises.
  
  Earlier this month, the managing director of the International Monetary Fund, Christine Lagarde, pointed to these simmering geopolitical tensions as an impediment to global economic growth.
  
  Geopolitical risk can affect a variety of asset classes, ranging from energy and gold to bonds and equities. In the energy space, Brent crude, essentially the equivalent of West Texas Intermediate (WTI), tr! aded above $109 a barrel thanks to worries that Russia might make a play for more Ukrainian territory. While WTI also spiked, it finished the week essentially flat following a stronger than expected inventory report from the Energy Information Administration (EIA).< br>
  Even as oil prices are on the rise, so is production. In the US, the EIA reports that crude production average 7.5 million barrels per day (BPD) last year, 1 million BPD over 2012 and the highest annual rate since 1989. The agency estimates that production should run about 8.5 million BPD this year and hit 9.6 million BPD next year, the highest level of production since 1970.
  
  The Organization of Petroleum Exporting Countries (OPEC), which produces about 40 percent of the world's oil, is forecasting similar supply growth. This past January production rose by 28,000 BPD to 29.71 million BPD, largely thanks to increased production from Libya. Including America's production increase, non-OPEC countries are expected to boost their supply by 1.29 million BPD to 55.43 million BPD.
  
  With consumption forecast to grow by about 1.3 million BPD in 2014, that leaves supply and demand in almost perfect balance, supporting strong oil prices even when and if the cris is in Ukraine abates.

• [By Aaron Levitt]

  First, TOT has entered the potentially prolific play in Chinese shale. Total recently partnered with Sinopec (SNP) to begin fracking China's vast shale rock formations. Estimates peg China's shale reserves as the world's largest. The 1,500 square-mile region that Total and SNP are prospecting will yield around 10 billion cubic meters of natural gas by 2017.

• [By Jayson Derrick]

  Sinopec (NYSE: SNP) has agreed to purchase assets from Russian oil producer Lukoil in Kazakhstan for approximately $1.2 billion. Shares lost 3.77 percent, closing at $88.86.

• [By MARKETWATCH]

  HONG KONG (MarketWatch) -- Hong Kong stocks opened higher on Tuesday, as global i! nvestors ! look ahead to U.S. Federal Reserve Chairwoman Janet Yellen's first public remarks later in the day. The Hang Seng Index (HK:HSI) rose 0.7% to 21,722.66. Asia's largest oil and gas company -- PetroChina Co. Ltd (HK:857) (PTR) -- climbed 2%, after the company said it has found a large natural-gas reserve in China's southwestern Sichuan basin, with 308 cubic meters of technically recoverable gas. Cnooc Ltd. (HK:883) (CEO) , China's largest offshore oil and gas producer, jumped 3.3%, while top refiner China Petroleum & Chemical Corp. (HK:386) (SNP) also added 1.6%. Oilfield-equipment shares also benefited from the rally, as China Oilfield Services Ltd. (HK:2883) (CHOLF) gained 1.7%. Huadian Fuxin Energy Corp. Ltd. (HK:816) , the renewable-energy unit of Chinese state-owned power giant China Huadian Corp., jumped 3.2%, after the company said last week it had raised 1.18 billion Hong Kong dollars (about $152 million) through a sale of shares to institutional investors. Waste-management and energy company China Everbright International Ltd. (HK:257) (CHFFF) advanced 2.4%, and China Datang Renewable Power Co. Ltd. (HK:1798) tacked on

source from Top Stocks For 2015:http://www.topstocksblog.com/5-best-industrial-disributor-stocks-to-watch-right-now-3.html