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
More from The Motley Fool
Hong Kong Rides China's Rebound to Jump 4.5% for the Week
The Federal Reserve's latest minutes helped support favorable trends.
Oil Gains Send Hong Kong Stocks Soaring
A rebound in energy prices helped boost shares of Petrochina and CNOOC.
Hong Kong Finishes the Week on a Positive Note, but for How Long?
The Hang Seng remains exposed to China's woes .