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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bad stock
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China is overbought as international plays go. I predict a slump in China to continue for a while. Watch what happens when the US economy gets back on its feet.
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You'd think with an almost near monopoly on gas sales this stock would be less volatile - as in the U.S. even when the economy is down people, merchandise, and produce still have to get from point A to point B.
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PetroChina
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This will fall hard, with the rest of the Shanghai market
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TIMBER!!!
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more cars every day
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Overvalued
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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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Warren Buffet has filled his kitty with this stock, and this year's earning will still be great, but unless GW runs for a third term, energy prices don't have much upside.
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I goofed, this should outperform.

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