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PetroChina Co. Ltd. Message Board

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  • PTR: PetroChina Company Ltd.
    With a black dot closing price of $116.37 on Fri. 2 27 2015 in the color of Green.
    GR: 45%
    EPR: 5
    SGA: 8%
    EGA: 6%
    QROE: 3%
    CPM: 3
    Debt 2 Equity: 43.76
    Thanks Later.

    Sentiment: Sell

  • Reply to

    Watch for breakout

    by emapsoda Feb 3, 2015 3:57 PM

    all china just post what others say
    so post who and what they say
    I am profitable and not selling
    holding for the long term
    zacks sells sell

  • A break of $115.79 could move it up to $135.24 in short term. Strong technical buying signal at allchinastocks.

  • Reply to

    PetroChina Co. Ltd buing pbr brazil

    by eyalharel2014 Dec 29, 2014 3:25 PM

    any company that has problems with bribes and such the stock goes down
    Luckily in China they usually punish the person not the company
    For right now
    Will they keep the same dividend payment
    If so the stock will go up

  • Reply to

    PetroChina Co. Ltd buing pbr brazil

    by eyalharel2014 Dec 29, 2014 3:25 PM

    and yes Chinas ship builders have built drilling rigs that they can not sell or less with out huge discount
    These leases are not worth much right now
    The second thing
    I believe a lot od stock is owned by the government
    The government is cracking down in corruption in these companies ans forcing them to sell some assets
    I have no problem with asset sales so long as they get true value
    Perhaps this will lead to a higher dividend and less debt
    They will sell established parts of their business and value may be a lot more than they have invested in it
    It is not unusual for them to do this as they do a lot of start ups that loose money at the start

  • Reply to

    PetroChina Co. Ltd buing pbr brazil

    by eyalharel2014 Dec 29, 2014 3:25 PM

    at today's oil price they are worth zero
    A guess ,they are not worth doing unless oil is above $85
    Of coarse this amount could come down as there will be many rigs not in use and the price to use a rig could come down a lot

  • petrobras

    Sentiment: Strong Buy

  • Reply to

    Setting up

    by rbgmauq Dec 4, 2014 11:48 AM

    some thing just has to happen in China
    average import price $15 per kft 3
    n the case of natural gas imported from Myanmar, Chinese Ministry of Commerce data shows that the import price is around 2.68 yuan per cubic meter. However, the local gas price in Yuxi, a township in the southern province of Yunnan, ranges from 3.36 yuan to 4.7 yuan per cubic meter. The cost of shipment through only the Myanmar section of the pipeline is 3 yuan per cubic meter, structurally narrowing the pipeline's potential profitability under the distorted price structure.

  • Reply to

    Setting up

    by rbgmauq Dec 4, 2014 11:48 AM

    and this is happening all over China
    China is raising prices and buy at little in residential and over 10% a year in commercial
    But its going to take a while and ptr has a lot of money losers

  • Reply to

    Setting up

    by rbgmauq Dec 4, 2014 11:48 AM

    For those that think ptr is in such great shape
    They are being supported by the government
    Its going to take a while till China settles out
    The peoplUnprofitable pipes
    Designed to bolster China's national energy security, nearly all Chinese invested gas pipelines operated overseas lose money. Compared with other pipelines run by PetroChina, the Sino-Myanmar gas pipeline is neither the only nor the largest money-loser. That distinction is reserved for China's Central Asian gas pipelines. In 2013 and the first half of 2014, PetroChina imported and sold a total of 41.5 billion cubic meters of natural gas from Central Asia at a total loss of 36 billion yuan.

    The more natural gas China imports from Myanmar and elsewhere, the more state-linked energy companies stand to lose. That market fact explains why all of China's foreign pipelines are operating well below their designed capacities. For instance, China's Central Asian pipelines are operating below 50% of their designed annual 55 billion cubic meter capacity. In 2013, China's total pipeline losses amounted to 41.9 billion yuan, according to official statistics.

    As these losses mount, there is growing pressure from energy companies for the Chinese government to reform its natural gas pricing system toward a more market-based orientation. Beijing is clearly concerned that a drastic gas price hike might jeopardize the government's popularity and rock social stability. Residential users have grown accustomed to low gas prices, while industrialists generally oppose price reform due to concerns it will negatively impact on their profits and competitiveness.

    The strategic value of maintaining low gas prices at the expense of inefficient pipelines transcends plain commercial and financial considerations. The pipelines and the steady stream of imported natural gas they supply, despite their high costs, are viewed by Beijing as important safeguards of energy security. They provide a crucial diversification of sources and transportation routes for China's current overreliance on Middle Eastern fuel sources that travel through the congested and the easily blockaded Malacca Strait. The Sino-Myanmar gas pipeline is also viewed as a crucial energy supply source for China's landlocked and economically laggard southwestern region.

    As the exporting country, Myanmar is no doubt weighing the financial and strategic costs of the pipeline's early underperformance. According to the two sides' agreement, the pipeline is supposed to deliver 20% of its annual 12 billion cubic meter capacity to Myanmar. At last year's rate of underutilization, Myanmar received only 60 million cubic meters, or about 2.5% of the pipeline's total deliveries, well below the 20% contractually promised.

    It will be interesting to see if energy-starved Myanmar will push China for larger natural gas deliveries to local markets during its second year of operations. Whether frustrations over the pipeline's operations will impact on other areas of the bilateral relationship is still hard to gauge but entirely possible as Myanmar moves closer to the West and further from China.

    Yun Sun is a Fellow in the East Asia program at the Stimson Center, a nonprofit and nonpartisan think tank that studies peace and security challenges around the world.

    (Copyright 2014 Yun Sun)



    Myanmar group in 'new chapter' talks with Chinese officials
    (Sep 10, '14)


    e in China have been getting ng below cost

  • Reply to

    Setting up

    by rbgmauq Dec 4, 2014 11:48 AM

    Whats the story
    Big Chinese companies like this
    Ate getting a huge amount of assets
    I do not now as much on the oil side
    But any investment on finding building and such will not make much money
    Oil is down There are large investments in ng in China,pipe, finding ,stations ,lng plants for import and inside the country
    Their is pipe and it is the best investment in China and the US
    Pipe gives you the cheapest way to move ng
    But China is importing huge amounts of lng ,building stations and will have a certain amount of vehicles
    running on ng
    All investment from import to ,lng plants to stations are bad investments
    China sets its price that it sells for in residential at less than import price
    In commercial it is raising to market prices
    Vehicles 85% of lng ,diesel price
    Well if diesel price drops a lot and it will
    Ng for vehicles will sell for import price
    That leaves no mark up for import lng plants ,transport to stations or any mark up at stations
    So where is there money tto be made
    Import of diesel and import of ng in pipe from Russia and other countries from the west
    The big ones like ptr are in many different things
    The government helps in one area to help in losses in others and supplies and loans needed in any amount
    Ptr will not big making any great profit because of above
    But China is growing and the use of energy is growing
    And in the long run 10 to 20 years you will be happy you have this stock

  • Reply to

    Setting up

    by rbgmauq Dec 4, 2014 11:48 AM

    that would have been a bad call
    It has been selling above what it sells in China and always reverts to this
    So we will go down to reflect this

  • Petition/Proposal to Benefit Shareholders of All US Listed Chinese Companies
    You never know if yours will pull the same bad strategy, please read, join, and spread the word:
    https://www.change.org/p/us-commerce-department-us-state-department-implement-the-proposal-with-the-chinese-government-to-resolve-the-us-listed-chinese-companies-stock-scandal-please-sign-the-petition

  • PTR is setting up nicely for $116.90 breakout run. Technical buying signal at allchinastocks.

PTR
114.97-1.40(-1.20%)Mar 2 4:03 PMEST

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