Top 5 Stocks for October

Top Stock #2 –
CNOOC Ltd. (CEO)

CNOOC Ltd. (CEO) is a rough-and-tumble energy company located on the other side of the world. The
company manages China’s offshore oil and gas exploration and production activities, in partnerships with international oil and gas firms. Under Chinese
government-regulated production sharing contracts, CNOOC has the sole right to acquire up to 51% of any successful discovery offshore China made by
foreign partners. CNOOC is also engaged in oil refining, natural gas processing and refined products marketing.

While worldwide demand has indeed been weak, the need for crude oil has been growing steadily in China. That means CEO is first in line to capitalize
on the region’s demand. What’s more, since oil is price-controlled in China, CEO won’t suffer from thin margins if crude prices stay soft.

The company was recently a player in the largest overseas investment bid in China’s history, a move to buy a stake in Argentine energy giant Repsol.
This willingness to make a huge acquisition against a weak economic backdrop illustrates how dramatic China’s appetite for oil and gas will be once
the recovery takes shape. CEO will continue to do well as China leads the recovery.

NEXT – Top Stock #3