PetroChina Co. Ltd. (PTR)

All Comments on PTR

  • commenter
    Shanghai
    Advisor
    Mar 26 01:26 AM
    Should We Buy the PetroChina Stock Buffett Sold? [view article]
    Do any of you folks above actually live in China ? I do. So let me comment briefly - PTR will be the defacto arm of the govt forever. If this means setting price controls for a loss then so be it. It will happen. Also "middle of the barrel" products like diesel will be increasing as a percentage of output and also will squeeze profits further. From a strict valuation standpoint it is impossible to accurately forecast profits for PTR. However, PTR may remain as a good investment because in the long run, China will not let itself be hostage to world markets and the 30-60 day reserves it is building up will be even larger thus resulting in PTR long run strength. Reply
  • commenter
    Al Rob
    Mar 25 11:39 PM
    Should We Buy the PetroChina Stock Buffett Sold? [view article]
    There is a big difference between being bullish on oil prices and being bullish on a chineese oil distribution company that is influenced by a corupt regime. Reply
  • commenter
    Mr. Zhao
    Mar 25 09:44 PM
    Should We Buy the PetroChina Stock Buffett Sold? [view article]
    All of you seem to be forgetting that PTR deserves a multiples premium because of its status as a MONOPOLY. I'm fairly certain that the price control on gas is a temporary measure that will be loosened in the long run as China's inflation eases. Further, PTR refines mostly its own oil. PTR is a much better buy than SNP. Reply
  • commenter
    live_long_an
    d_prosper_sT
    ock
    Mar 25 03:26 PM
    Should We Buy the PetroChina Stock Buffett Sold? [view article]
    Well, Chad ... I HAD PTR as well ... have had for quite some time. Sold half at 150 - 160 on way up .. sold the rest at 160 on the way down.

    PS .. I live in Omaha, and go -- every year -- to a 4 or 5 hour meeting with Warren. Just he and I ... and (last year at the Qwest Center) 20,000 others. I've really done quite well over the years by paying good attention to what W.E.B. buys ... AND SELLS. I'm smart enough not to argue with him. (except maybe politics)     Reply
  • commenter
    milloy
    Mar 25 02:40 PM
    Should We Buy the PetroChina Stock Buffett Sold? [view article]
    Chad Brand = not a fan of the Darfurians Reply
  • commenter
    adamnb
    Mar 25 02:32 PM
    Should We Buy the PetroChina Stock Buffett Sold? [view article]
    My problem with PTR is that with reserves of slightly over 20 billion b/o, its prices and market cap is nearly is over 15 times that of competitors like giant Russian oil company Rosneft, with nearly equal reserves. Rosneft also has far more potential for discovery within in home country, while PTR is trying to acquire reserves in foreign countries at a time when oil prices are sky-high. Reply
  • commenter
    Phil G.
    Mar 25 02:03 PM
    Should We Buy the PetroChina Stock Buffett Sold? [view article]
    Will probably meant to point to this page from the Jubak article:
    articles.moneycentral....

    And while price controls in China have had a deleterious affect on PTR recently (in one of its businesses, PTR buys crude at market, refines, then sells at retail with govt. price caps), I think Brand is still right to say that PTR should profit in the long run from inflated oil prices.     Reply
  • commenter
    User 166933
    Mar 25 01:30 PM
    Should We Buy the PetroChina Stock Buffett Sold? [view article]
    if will posted what i think he did, he hit it right on the head. Trying to tie PTR's market value to the price of oil is laughable at best. Its sad that seeking alpha lets you post articles when you have no clue what you're talking about. Reply
  • commenter
    Will
    Morrissett
    Mar 25 07:58 AM
    Should We Buy the PetroChina Stock Buffett Sold? [view article]
    In his most recent article, Jim Jubak describes the effect of price controls on oil in China. Page 3:
    articles.moneycentral....
     Reply
  • commenter
    BrucePile
    Mar 20 07:20 PM
    4 Factors Fueling Oil Prices Higher [view article]
    One reason for climbing oil prices that doen't get talked about is EROEI. That's Energy Returned On Energy Invested and it's one of the least understood and most important issues with oil. We tend to look at the massive reserve numbers and the massive flow rates of total liquids production and think we have more energy supply than what we actually have. A sharply increasing amount of our high EROEI conventional crude is being used to manufacture the unconventional oils that go into the total liquids number (tar sands, shale oil, deepwater, ethanol, and biofuels). But these oils are very low EROEI taking about as much "real" oil to make as they supposedly add to our supply.

    When oil was extracted decades ago, it took about 1 barrel of oil energy to hand us each 80 barrels of net energy from shallow, naturally pressurized reservoirs. Now it's about 10 to 20, depending on location. This figure is dropping faster and faster as the "hanging fruit" has already been exploited. There is a simple math fact about EROEI that dictates a rapidly collapsing net energy supply to the economy as you go below an EROEI of around 3 to 4. If you go from an energy source with an EROEI of 20 to a source with an EROEI of 1.3 (the most agreed upon figure for corn ethanol), YOU MUST MAKE 60 TIMES THE AMOUNT OF THE LOWER EROEI SOURCE TO GAIN THE SAME NET ENERGY AS GIVEN BY THE HIGH EROEI SOURCE. That means to displace one barrel of oil, you must make 60 barrels of ethanol. Most all of the manufactured fuels have EROEI of less than 3 making them nearly useless in displacing foreign oil, but very usefull in causing catastrophic food inflation.

    EROEI makes our true energy supply not the total liquids curve commonly accepted but something much closer to conventional crude plus condensate, which is falling behind the total liquids curve at a quickening pace (it peaked in 2005 and hasn't made a new high since, although it nearly did this past month).

    What's left of the big reserve amounts of oil has big EROEI issues and a large amount of it is going to take more energy to extract than the oil will supply. The rapidly declining EROEI curve is going to make the energy world going forward much different than what we've been spoiled by in the past. For some charts on this and a good overview, see the current EROEI story by Robert Rapier at theoildrum.com     Reply
  • commenter
    Thinking
    ahead
    Mar 20 04:40 PM
    4 Factors Fueling Oil Prices Higher [view article]
    You are right about China, in particular, wanting to lock up supply at any cost. No US Multinational oil company can compete with the Chinese government. I have no solution for the US. I do have an obvious recommendation for profiting from this reality: RIG, NOV, DO and any other world-class deepwater oil service participant. The NOC's don't care who drills for the oil, they just want to own the result. Deepwater drillers are the investment of a lifetime. And DO even pays a dividend > 5%. Reply
  • commenter
    oilsands
    Mar 20 01:37 PM
    4 Factors Fueling Oil Prices Higher [view article]
    Amazing. So many ignorant comments on top of an article which surveys but fails to mention important factors.

    1. Canada is our number one source of petroleum. The crash of the dollar is strictly a result of turning Uncle Sam into a beggar; George Bush and cronies think the solution to every problem is to print more money and talk big. When Bush took offic the Canadian dollar was at 65 cents, US; now it is over a dollar US. You do the math.

    2. We have unlimited free energy if we choose to tap it. Geothermal, wind, tidal, hydro, solar are all around us. The gulfstream has mind boggling amounts of dependable energy.
    An article in Scientific American stated that a mere 1 % of the Nevada desert could provide all of the electric needs of the entire USA.

    3. Unfortunately our energy policy is dictated by the foreign oil companies who make lavish campaign contributions to both parties.

    4. Contrary to the propaganda we are fed, we can harness this free energy NOW; it does not require decades of research. Sure, there are advances that can be made in utilizing coal, but that is not necessary for our energy independence.

    5. Canada's oil sands have more petroleum reserves than all of Saudia Arabia. Yet our government was apparently asleep while China arranged to build a pipeline from the oil sands refinery to Vancouver where it can load it aboard tankers for delivery to the PRC. How's that for protecting our interests?

    6. Congressional subsidies to oil companies amount to 81 billion per year. Factor that into the price per gallon and we are really paying $7.00 plus per gallon. That isn't coounting the amount we have spent year after year deploying troops strategically to watch over our interests.

    Our family has been making money on oil for generations. But we don't need or want to see our country go belly up from sheer stupidity.

    Wake up people. Start by not accepting the propaganda from Washington and through the lavish ads of major oil companies. Demand a policy which benefits American citizens for a change.     Reply
  • commenter
    AMP
    Mar 20 11:12 AM
    4 Factors Fueling Oil Prices Higher [view article]
    I think these financial giants are manipulatingthe market Reply
  • commenter
    briskforme
    Mar 19 12:56 PM
    4 Factors Fueling Oil Prices Higher [view article]
    The same old adage ....Money Makes the World Go Round...The rich and the poor. The bottom line is there are too many greedy people in the world and we are at the point where we need a world wide catastrophe where money is worth nothing and bartering is the order of the day. What will the rich and powerful do then.......At least we will all be equals...We have moved way too fast in the past 58 years, at the speed of sound in fact, and the next 50 years will we move at the speed of light..... It's insane!!!! I for one was born too late, instead of 1946 I would have preferred 1846, at least there were no multi-billion dollar organizations and the majority of people worked harder to make a honest dollar. If you really think about it, it's sad really, that the world has come to this point. Reply
  • commenter
    courther
    Mar 19 11:49 AM
    4 Factors Fueling Oil Prices Higher [view article]
    Whatever! The article is saying that we Americans are screwed because of these four global factors and there is nothing we can do. You have forgotten one small component in your logical equation and that is Americans are not qoing to be squeezed by this government or anyone else. There will be a revolt or 21st century American revolution and the first victims will be the American politicians who will be voted out and replaced with individuals that will actively seek alternate energy solutions and look for better ways to support American people. Who knows in the future we may be able to find writers who will offer solutions rather than tell us to suck it up. Reply

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