PetroChina Company Limited (ADR) (PTR)
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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4 star stock + largest energy company in the world's largest economy within the next 50-100 years.
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Large Chinese oil company selling at a discount.
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I am betting on oil/energy right now.
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Key player in China's energy strategy
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China economy will recover quicker than the rest of the world and Petrochina will be there to provide the energy
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Gaming CAPS: harvesting a score of +6.55, while lowering the cost basis from $120 tp just under $100.
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This "V" shaped rebound is going to come out with the US at the top on the 2007 side of the "V" and China on top in the 2010 side of the "V"
I am an American, and a proud one, but China's growth and financial strength cannot be overlooked.
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China has one of the fastest-growing demands for oil. PTR is the country's largest oil and gas producer.
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Oil prices will rise again, so will this stock.
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I think oil & natural gas prices are going to rise, and this will benefit PTR.
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China rebound
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reloading at a more reasonable valuation
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When oil demand picks up, the company that's part of China's national oil corporation will grow as well in price.
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Global demand will pick up eventually!
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Oil may be deep in to it right now, but long term as the world economy pulls itself up by it's bootstrapes, oil will make a comeback. Alt energy is wonderful, but it will take many years for it to make a significant dent in the use of oil. The days of easy extraction of oil are gone and some of the petroleum resources ie oil shale will require prices above $80 long term to exploit them economically. Oil fields around the world are showing decreases, some major, in their output. I am also convinced that OPEC is actually seriious this time about toeing the line on production reductions to try to drive the price of oil to the $70 mark or better. long oil 10 to 20 years!!
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O&G in China...
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Going up up up !

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