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$79.49 4.86 (6.51%)
10/10/2008 4:06 PM

PetroChina Company Limited (ADR) (PTR)

CAPS Rating:
****

The Company is engaged in a range of petroleum-related activities, including the exploration, development, production and sale of crude oil and natural gas, and the refining, transportation, storage and marketing of crude oil and petroleum products.

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Avatar JUMPKIS (94.61) Submitted: 2/03/07 9:17 PM : Underperform Start Price: $122.54 PTR Score: -2.25

Popular stock is probably fairly valued for the next 150,000 years, considering all the enthusiasm around it.

However, I have a sneaking suspicion that it's environmental controls are lax and that its involvement with the Chinese government and corporate subsidiaries are in question.

This baby is no Exxon, and may end up as the Enron of crude.

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Avatar 1poorguy (95.17) Submitted: 3/24/07 1:18 AM

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The PRC is many things, but it's not stupid. If this company can rake in the money, they won't stop it. Hong Kong is still capitalist after all these years (Mao is spinning in his tomb, I'm sure). They aren't going to kill any geese that are laying golden eggs for them. They have a war machine to build! And they are building it as I type.

As for environmental controls, you're probably right. And that means more profit for them (since they don't have to invest money in anti-pollution measures). That's cynical, but it's also true.

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Avatar JUMPKIS (94.61) Submitted: 8/05/08 10:34 AM

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Greed can be smart too...that doesn't mean it triumphs in all circumstances. Also, pollution control is a much more front-and-center issue for this large, concentrated nation.

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