When PetroChina (NYSE:PTR), the largest integrated oil and gas company in China, sells for 0.38, it is time to buy. Furthermore, the company has a virtual monopoly on its domestic market, due to the fact that it is partially state owned, and receives preferential treatment from the Chinese government in various matters for the same reason. According to Morningstar, PetroChina now yields 4.37 percent in terms of its dividend, which is much higher than the industry average of 1.43 percent. Morningstar goes further stating that the company's forward earnings yield (the annual return the company would generate if all of its profits were distributed to shareholders in the form of dividends) is also much greater than other companies in the Oil and Gas industry. In short, this company is a screaming buy for long term investors and should be bought aggressively.
PTR 1-yr chart
Disclsoure: Author has no position in PTR.