If you've thought about investing in CNOOC
On Monday, the Treasury's Office of Foreign Assets Control placed sanctions on a leading Burmese family. The elder gentleman, Lo Hsing Han, is known as the "Godfather of Heroin." His conglomerate, Asia World, is run by son Stephen Law, and does all manner of contract work for the military junta. Stephen's wife holds a Singaporean company called Golden Aaron, which is one of CNOOC's joint venture partners in its Burmese oil field concessions.
We are talking about the very company listed here in the U.S., not CNOOC's state-owned parent. There is no dodging the direct connection, as Buffett did with his investment in Sudan-stainedPetroChina