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.

China Watch: CNPC's Smart Move: China National Petroleum's agreeing to buy Canada's Verenex Energy is one smart move, says RealMoney.com contributor David Sterman. Find out why CNPC's making this move right now and how you can make money from it. Click here to watch the video.

China Sees Loan Surge Helping Economy: China's bank regulator says a lending spree will aid the economy.
Click here to watch the video.

best buy in Chinese oil cos

China Hotel Goes Green: Founder Jules Kwan and architect Raefer Wallis have built China's first carbon-neutral hotel in Shanghai, and they hope other entrepreneurs will join their effort to build a better China.
Click here to watch the video.

Some stocks worth considering? Taiwan Semiconductor (TSM), the big chip foundry that's sitting on net cash and is rapidly growing its dividend. CNOOC (CEO), China's largest offshore energy producer, which has a growing production profile, trades at 6.9 times current year-earnings and yields 5.4%.

China Watch: ETF Pain Won't Linger: David Sterman, director of research for TheStreet.com, explains why China ETFs are safe for the long haul despite their current slump.


Click here to watch the video

$143

Until there's some clarity on the timing of an adjustment in the windfall tax, few analysts are prepared to recommend investing in PetroChina when there are other companies, notably Cnooc (CEO), that are pure oil producers and clear beneficiaries of surging crude futures.

China Watch: Plan for Quakes, Inflation
With much concern coming out of China, here is a way to gather your stock picks and devise a game plan of your own.

Click here to watch the video.

Overpriced, overrated. Should be trading between $50-60/share.

Inheritance