Opinion on  Petrochina Company Ltd (PTR)     Sector: Energy  >  Industry: Oil & Gas - Integrated
China + lower price of oil = trouble

 Remember when Petrochina was briefly the biggest company in the world, even bigger than ExxonMobil?  Remember how Buffet cash out just before the peak?  Well, I wish that I was that smart.  This is my shot at a bit of redemption. 

  I don't know.  I thought that $100 was bottom.  I still think that the long-term supply/demand ratio is bullish for the price of oil, but in the meantime, there is a worldwide recession happening.  If only I had the wisdom of Buffet.  He got out at just about the top, when Petrochina was the the biggest company by market cap in the world.