Seeking Alpha

PetroChina's (PTR) two recent gas deals in Canada and Australia get the thumbs down from Nomura,...

PetroChina's (PTR) two recent gas deals in Canada and Australia get the thumbs down from Nomura, which says the state-backed oil company needs to take a “more disciplined approach" in its overseas acquisition strategy. PTR overpaid in the Canada deal given the collapse in nat gas prices, and it could have waited to acquire Australia's Browse LNG asset at a cheaper rate.
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