#2. CNOOC Ltd. (CEO) is infamous for its attempt to purchase Unocal a few years back. Its shares are now trading at about $143, a deal when you consider this giant's 23%+ annual earnings growth and last year's high of more than $200 a share.

Plus, CNOOC's first half 2008 results were stellar: The company's oil and gas sales increased 63.9% compared with the same period last year, while its net profit jumped a whopping 89.3%.

To me, this looks like a great opportunity to buy some shares in this company.

#3. Yanzhou Coal Mining Co. Ltd. (YZC) is China's leading coal miner, with more than two billion tons of reserves, and production of more than 40 million tons a year.

Keep in mind that China is still over two-thirds dependent upon coal, and will be for a long time. Between the country's recent terrible winter storms (the worst in 54 years), recent earthquakes, record high coal prices, and China's still +10% GDP growth, I don't see how you can miss putting this stock in your portfolio as a core holding (or adding to any current shares you own).

YZC's shares split 5 for 1 earlier this year, and its current post-split level of $17.30 is equal to about $86.50, pre-split, meaning the stock is down about 26% from its peak of $116.73 last October.

First half 2008 revenues jumped an astounding 78.6%, while net income surged even more, up a huge 163.6%!

What about the current slump in energy prices? Should that turn you off from buying these shares? Heck no!

As I've told you previously, the pullback you're seeing in oil and gas prices is nothing more than a much overdue pause in the market, and all of my indicators continue to suggest (strongly) that we will see $150 oil and then $200 oil early next year.

So don't let any bearish comments on the energy markets steer you away from the long-term trends ... whether energy or Asia!