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Opinion on  Petrochina Company Ltd (PTR)     Sector: Energy  >  Industry: Oil & Gas - Integrated
Bearish on PTR ...

Jun 20, 2008 03:59 PM UTC
Blokm2-seekingalpha2
Return Risk
-11.15% HIGH
Associate

PTR:  This call was made on 06/20/08 @ $133.95
Rating:   Negative   $133.95 (06/20/08)
Closed:   07/06/2008 @ $127.34 (+4.93% in 16 days)
Target:   $110.00 (-17.88%) in Six months
Allocation:   8.3% of portfolio


Comments (2)

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justme   N/A     1 point   commented 520 days ago reply

I think you made this rating before learning that the Chinese government will allow an 18% increase, right? This along with recovery from the earthquake will likely cause at least a 15% increase by July 31. Target price for that date is $153.
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Blokm2-seekingalpha2
Heri Setyono   64%     1 point   commented 520 days ago reply

Hi Justme, I am very glad to get your comments, thank for it. I'm agreed with your analysis. Even PTR is very aggressive in market expansion and discovery new oil wells but according to my technical analysis, in short time it would be corrected because of global market sentiment. In long term I bet PTR would be at $240.

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Heri Setyono previously rated PTR
Positive -12.66% Bullish on PTR ...
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