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China Oil Stocks: Hidden Trades

Tim Smalls, head of U.S. trading at Execution LLC and Charles Campbell, senior sales trader at Miller Tabak, weighed in on the best places to invest now.

Recommendations:

Smalls Likes:

Ultra Petroleum

“We’ve been very active on the energy side for the past month since crude was down at $48 a barrel and we’re going to continue,” Smalls told CNBC. “In this environment, companies that have a good solid management team and a history of hedging get rewarded. And Ultra Petroleum fits that bill.”

Campbell Likes:

China Petroleum & Chemical

Petrochina

Energy SPDR

“Crude had a multi-year run up and one of the reasons was because of increasing basic demand in China,” said Campbell. “And then there was a sharp drop-off in demand after the Olympics in the third and fourth quarter, of half a million barrels a day. [But] it’s projected to increase in the second and third quarter.”

Disclosure:

No immediate information was available for Smalls or Campbell.

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Disclaimer

Symbol
Price
 
Change
%Change
1857
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28
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UPL
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SPDR NRG SEL
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