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PetroChina Co. Ltd. Message Board

  • great_stox great_stox Apr 28, 2008 3:39 PM Flag

    PTR Upgraded to Long

    Respected Market Edge service upgraded PTR from Neutral to Long. A week earlier, PTR was upgraded from Avoid to Neutral.

    Market Edge rates stocks based on their trading charts and volumes.

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    • it doesn't matter the short run. if you buy PTR now and put away for next 20 years if anyone has any money now and can wait that long that isn't dead yet PTR will take care of you. the cost basis in 20 years will be bird seed like all the other integrated companies like Exxon, Hess, Conoco, and chevron. thats the play is 20 years because they can plow all the profits back into the business and make more money down the road. market is disappointed PTR only made $4.1b for last 3 months on 50% jump in sales year over year? fuck you. when renminbi goes up 3-4 times in next 20 years and PTR sales are over $100b in 3 months because there will be 10x more cars on the road in China and India 20 years from now it will be unreal the money they make.

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