Opinions
Paul Harris, CFA
PetroChina
PTR-N
BUY
Apr 23, 2007
Believes that oil will continue to go higher over a long period of time. Good assets. They will get the benefit of China's growth.
$114.960
Stock price when the opinion was issued
integrated oils
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An oil company, but there is also a chemical component in this company. As the price of oil advances, that is going to help the advances of oil stocks. Chinese economy is likely to grow at an 8/8.5% for the next decade on a compound basis. Good opportunities. Prefers China National Offshore Oil Company i.e CNOOC (CEO-N).
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A subsidiary of the Chinese National Oil Company. Biggest and most profitable company in China. Very strong internationally. Essentially a duopoly in China and basically control the wholesale/retail market with Cinipaq. Stock is known to pull back hard, so would take some profits and buy back in the $150 range.
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