---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/38908494.md"
description: "This wave in oil and oil shipping is really something to behold. $CNOOC(00883.HK) and $COSCO SHIP ENGY(01138.HK) have been taking turns hitting new highs recently, pushed by a combination of geopolitics, oil prices, and freight rates. Jumping in now feels like chasing at a peak, but missing out is equally frustrating.$PETROCHINA(00857.HK) can still ride the hype from a major discovery, while $SINOPEC CORP(00386.HK) has been lackluster, almost like a background character. On the other hand, Asia Satellite Telecom $APT SATELLITE(01045.HK), with its uneventful price movement, is a matter of luck whether to cut losses or not.For those holding these resource and energy stocks this year, emotions probably change three times a day: fear of a drop, fear of missing out, and fear that the bull run is ending—you really want to just lie flat, but you still can't bring yourself to get off the ride."
datetime: "2026-02-26T08:58:57.000Z"
locales:
  - [en](https://longbridge.com/en/topics/38908494.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/38908494.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/38908494.md)
author: "[冷静的垂钓ETF](https://longbridge.com/en/profiles/7200500.md)"
---

# This wave in oil and oil shipping is really someth…


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