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6 pts

Opinion on  Petrochina Company Ltd (PTR)     Sector: Energy  >  Industry: Oil & Gas - Integrated
PetroChina getting ahead of itself

Sep 25, 2007 01:39 PM UTC
Warren_buffett
Return Risk
-26.76% LOW
Associate

Analyst Recommendation  

Since recommending PetroChina (PTR) at $109 back in March, I think it's prudent to take a little off the table since it closed at $181 today. It boast an amazing $324 billion market cap. Up 8% today or $24 billion increase just because it's going to be listed on the Shanghai exchange? Seems kind of ridiculous if you ask me. I would like to say I sold some today but I actually sold some on

PTR:  This call was made on 09/25/07 @ $176.53999
Rating:   Negative   $176.53999 (09/25/07)
Closed:   08/24/2008 @ $127.49 (+27.78% in 334 days)


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retirerichblog previously rated PTR
Positive +56.23% Buy PetroChina (PTR), get a compounded rate of return of 19.50%
03/06/2007
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