Seeking Alpha

PetroChina (PTR -0.5%) says it has earmarked 100B yuan ($15.7B) for investments overseas in oil...

PetroChina (PTR -0.5%) says it has earmarked 100B yuan ($15.7B) for investments overseas in oil and gas assets this year and will accelerate its acquisition strategies through cooperation with partners overseas and buy assets directly. PTR plans to boost its overseas oil and gas output to 50% of its total output in five to eight years from 9% now. (earnings)
Comments (2)
  • youngman442002
    , contributor
    Comments (5129) | Send Message
     
    Yuan or US Dollars.....hmmm...but they will be buying...Commodities..... and silver too...until they know they have us over a barrel...
    23 Aug 2012, 12:01 PM Reply Like
  • cfg3450
    , contributor
    Comments (87) | Send Message
     
    PTR...investing in the future.
    USA - Oil/Energy wise choice.
    Plus Agriculture/Farm Land & Commodies also bright future.
    23 Aug 2012, 12:31 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs