Sinopec, Cnooc Are Top Picks, Sanford's Beveridge Says

Neil Beveridge, an analyst at Sanford C. Bernstein & Co., talks about China's energy stocks.

China Petroleum & Chemical Corp. (600028), known as Sinopec, posted better-than-expected third quarter profits after two increases in state-controlled retail fuel prices and improved petrochemical sales helped margins. Beveridge also discusses the potential impact of Hurricane Sandy on the petroleum industry with Rishaad Salamat on Bloomberg Television's "On the Move Asia." (Source: Bloomberg)

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