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PetroChina Co. Ltd. Message Board

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  • donggui_jiang donggui_jiang Mar 19, 2008 5:28 PM Flag

    High oil price will not affect PTR

    IMO. Falling oil price will narrow the loss because the Chinese government has mandated a ceiling. On the other hand, Chinese Prime Minister indicated that inflation rate would be higher in his press conference yesterday. That implied upward modification of the price for oil in China. Considering both these trends, the stock price at this point has great upward potential.

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