PetroChina (PTR) is buying 50% of a shale gas project from EnCana (ECA) for C$5.4B ($5.4B), the...


PetroChina (PTR) is buying 50% of a shale gas project from EnCana (ECA) for C$5.4B ($5.4B), the latest and largest of a string of Chinese investments in foreign natural gas assets. PetroChina -2.85% in Hong Kong, as analysts call the all-cash deal relatively pricey. ECA was +10% in AH trading on the news.

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  • youngman442002
    , contributor
    Comments (5123) | Send Message
     
    "McAfee (MFE) reports on "coordinated, covert and targeted" cyber-attacks out of China, starting in November 2009, that stole sensitive information from unnamed Western oil companies. The Chinese government denies any involvement."

     

    Hmmmm..any connection here...the Chinese have a lot of copper...rare metals they are cornering...silver and gold..Magnets...now oil and gas....do you think they are trying to get control over commodities...????
    10 Feb 2011, 07:23 AM Reply Like
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