Petrochina Company Ltd (PTR)

my avg is 45.00

china is pumping it

China opens Myanmar pipeline, speeding delivery of Mideast crude

A crude oil pipeline to southwestern China through neighboring Myanmar has started operations after years of delays, and the first oil tanker carrying 140K metric tons (~1M barrels) of crude began offloading oil for delivery into the 480-mile pipeline.

The pipeline allows China to import crude from the Middle East and Africa more quickly, without having to ship through the Straits of Malacca and into the South China Sea.

The pipeline ends in China’s Yunnan province, where PetroChina (NYSE:PTR) has built an oil refinery with the capacity to process 13M tons/year (~261K bbl/day) of crude; the company is in talks with Saudi Arabia about investing in the plant, which will begin operations in June.

China, Saudi Arabia agree to $65B in potential deals
Saudi Aramco may deepen investment in China’s oil industry as part of $65B worth of potential deals signed today between the two countries involving areas ranging from energy to manufacturing.
An MoU with China's state-run Norinco will look into building refining and chemical projects in China, while Saudi Arabia's SABIC, one of the world's largest petrochemical firms, and Sinopec agree to develop petrochemical projects in the two countries.

UNBELIEVABLE $71 BILLION DEBT / P/E 120 = ONE OF THE BIGGEST PONZI SCHEME BUBBLE OUT THERE .FAIR VALUE FOR THIS HEAVILY PUMPED FRAUD IS $10-15 AT MAX . Fantastic SHORT opportunity here

Looks as if there could be a good trade made here. $PTR

$PTR Daily and Weekly Charts

Visit http://www.1derrick.com/petrochina-in-550-million-assets-sale/17001/ for news related to oil and gas

PetroChina (NYSE:PTR) says it plans to sell a 50% stake in a pipeline company for as much as 15.5B yuan ($2.4B), as parent company China National Petroleum seeks to complete asset sales before year-end to meet government-set annual profit goals.

The decision comes as China’s oil companies try to shore up their balance sheets amid lower oil and gas prices that have weighed heavily on earnings this year; it also marks the start of long-awaited industry reforms that aim to make China’s energy giants leaner and more profitable through divestment of pipeline and potentially other assets.

PTR also discloses the resignation of CFO Yu Yibo, to be replaced by Zhao Dong, who ran a unit of CNPC.

China National Petroleum, parent of listed PetroChina (PTR -1.4%), is promises to sell several non-core businesses, including a chain of hotels and a taxi business, as state-owned companies come under pressure from the government to dispose of lucrative but often corrupt enterprises.

China’s two-year, anti-corruption drive has targeted the perks of office of government and state-owned enterprise employees, especially at CNPC, a former power base for now-disgraced energy and security czar Zhou Yongkang.

Also over the weekend, state oil company Cnooc (CEO -0.7%) pledged to "dismantle all entertainment equipment” and ban official receptions, dining and purchases of high-end consumer goods.

PetroChina (NYSE:PTR) says its H1 net profit fell 63% Y/Y to 25.4B yuan ($3.97B) from 68.1B yuan in H1 2014, with earnings upstream and in the marketing segment both hurt by lower oil prices.

PetroChina (PTR -2.3%) has turned into a speculative bet on how much money the Chinese government is plowing into the stock market that day, resulting in a surge in volatility to the highest level among the world’s 100 biggest companies and topping 95% of the stocks in the Russell 2000 index, according to a Bloomberg analysis

Time to buy?

PTR on watch...last time in was at $95, this is set to do its thing shortly...

target right now is 100-105 but might not fall that far...we will see

Asian brothers this one is on fire today (elra)

PetroChina posts 5 pct fall in Q1 profit, beats forecast

PetroChina, China's biggest oil and gas producer, reported a 5 percent fall in first-quarter profit but beat forecasts as a decline in international crude prices was offset by a strong recovery in refining and fuel retailing business.

DETAILS

PetroChina Aims to Produce 92 Bcf of Shale Gas in 2015

PetroChina Company Ltd., China's largest oil and gas production firm, intends to produce 91.8079 billion cubic feet (Bcf) or 2.6 billion cubic meters (Bcm) of shale gas in 2015, Sun Longde, the company's vice president said, as quoted by local news agency Xinhua Monday.

Details

Just wanted to tip you all off. DEWM is going to explode today. Monster PR will set this off. Not trying to spam, just want to let you all in on some easy money.

Just wanted to tip you all off. DEWM is going to explode today. Monster PR will set this off. Not trying to spam, just want to let you all in on some easy money.

PetroChina's margins on the Natural Gas segment will increase by 15% after China revised its Natural Gas prices upward. According to PetroChina's President , Wang Dongjin estimates that profitability will grow by $3.27 billion from 2014 onward.

PetroChina's six month production of Natural Gas recorded at 1.332 trillion cubic feet, up by 8.2% from 2012, which is 65% of China's Natural Gas output.

Couple questions:

- why was there a huge decline after the spike to 200+?
- Does anyone have the last 4-8 quarters of revenue/income?

Thanks!

US suppliers cash in on green drive
+ - 08:34, April 09, 2008




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US equipment and service suppliers are cashing in on China's environmental protection and energy conservation push.

"In the past few years, Spencer has made deals to provide high-efficient blowers and gas boosters to help treat pollution. China's become its second largest buyer after the US," Feng Xiaohui, manager of DDI Industry International Inc (China), said.

One of DDI's main product ranges comes from Spencer Turbine Co, which has specialized in air and gas solutions since 1892.

Spencer makes special blowers and gas boosters including multistage centrifugal blowers, single stage centrifugal blowers and gas boosters.

"Although Spencer products cost about four times the others, many Chinese customers choose us after they've compared the products," Feng said yesterday.

"Spencer helps them reduce energy consumption by about 15 percent and the products are stable and need little maintenance."

The government set a target of cutting major pollutants by 10 percent from 2006 to 2010, and to do this the country needs technological and financial support from abroad.

"I believe in the next few years, Spencer will become a bigger part of China's green drive."

Spencer is trying to break into the country's booming petroleum, petrochemical, metallurgy, iron and steel industries.

"Participation in CIPPE is one of our trial efforts," Feng said. "But our performance depends on US technology exports and transfers into China. The US is not as bold as the EU in this area. Without technological support, it's useless for us to introduce equipment."

Another US company, TD Williamson, which focuses on pipeline solutions, is also trying to get on board the country's environment drive.

TD Williamson has worked with oil and gas behemoth PetroChina for nearly 20 years and will set up its first wholly owned company in Shanghai, Liu Zeyan, general manager of TD Williamson Inc (China), said.

The company provides a full range of pipeline equipment and services and expects to expand quickly in China.

"Energy demands will push China to lay out more pipeline, while security and conservation needs will see the focus shift to monitoring and maintenance," Liu said.

looks like next stop 159...

thank you

good job Frenchee :)

New ibox charts...

Another great day on the PTR board. $5.75 ps gain!!!

Oh yeah, it's a good day in the petro world...........keep it coming.

Looking for the continued gains here. LET HER RIP!!!!

I do like the looks of those charts

Frenchee,
I think I'll hold Petro juuuust a little longer :) lol

Yes--PetroChina on a short term buy signal...

Lets see if my call was good.
up 2.15% right now :)

http://www.rigzone.com/news/article.asp?a_id=54536

Reference the daily charts in the iBox for the comments below. The tactics don't always work but they seem to work well with a trending security.

1) Long. Be long when the stock closes above its 21-day SMA.

- Accumulate when it dips below its 5-day EMA yet it's still above its 21-SMA.

2) Sell. Sell it or short it when it cloes below its 21-day SMA.

- Add to the short position when it closes greater than its 5-day EMA but less than its 21-day SMA.

This strategy has you on the right side of the major intermediate-term trends and provides for accumulating at the dips (when long) or reshorting at the high points (when short).

For example, today you would have just sold your long position.

GL!

How can we make money on PetroChinas Success over then next 12 months?

New to everything investing... just asking questions.

Weekly charts suggesting more correction for Petro. Daily suggest otherwise. What do you think flugelbinders?

Another sign of the times -- PetroChina surpassed GE as the world’s second largest company yesterday. PetroChina stock has gained 13% in the last five months, catapulting the company’s net worth to $434 billion, well past GE’s $420 billion. Asia’s biggest company is now second only to Exxon Mobil.

Exxon’s market cap is estimated at $518 billion… In the context of Chinese growth over the past year, we wouldn’t be too surprised if PetroChina topped the list in the near future

Hello all !!!