PETROCHINA CO ADS (PTR)
From ValueWiki
Sudan’s oil wealth has played a major part in enabling an otherwise poor country to fund the expensive bombers, helicopters and arms supplies which have allowed the Sudanese government to launch aerial attacks on towns and villages and fund militias to fight its proxy war [in Darfur]. By earning increasing oil revenues, the Sudanese government continues to be in a position to deploy considerable resources to military activities – be it in the form of paying salaries, or acquiring equipment, such as helicopter gunships, armaments, and associated hardware. The government has used increases in oil revenues to fund a military capacity that has in turn been used to conduct war in Darfur, including carrying out violations of international human rights and humanitarian law.
- From the Yale ACIR report, quoting Amnesty International, "Arming the Perpetrators of Grave Abuses in Darfur," November 2004
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Company Analysis
For the six months ended 30 June 2006, PetroChina Company Limited's revenues increased 25% to RMB326.55B. Net income increased 27% to RMB82.19B. Revenues reflect an increase in the selling prices and higher sales volume of crude oil, natural gas and certain other refinery products.
News Feed
| 10/05/08 2:10 pm | All About China's Overseas M&A Push (at TheStreet.com) |
| 10/05/08 7:10 am | [video] China Watch: Aluminum and H20 Plays (at TheStreet.com) |
| 10/02/08 2:10 pm | Fool Video: The Next Shoe to Drop? (at Motley Fool) |
| 10/01/08 5:10 pm | Chavez's China Strategy (at Forbes.com) |
| 10/01/08 11:10 am | PetroChina Downstream Counters Upstream (Zacks.com) |
| 09/29/08 1:09 pm | The 3 Investing Rules of a Billionaire Family (at Motley Fool) |
| 09/29/08 1:09 pm | [$$] Global Sell-Off Takes Shine Off Bullish Story (at Barron's Online) |
| 09/28/08 9:09 am | Buffett's Battery Bet (at Forbes.com) |
| 09/27/08 11:09 am | [video] China Watch Mail Bag: Is Gushan a Go Now? (at TheStreet.com) |
| 09/25/08 10:09 pm | [$$] China Extends Resources Push With Global Deals (at The Wall Street Journal Online) |
Risks
The government of Sudan continues to pursue genocide in Darfur, frustrating several long years of diplomat efforts to bring peace and protection to civilians there. Sudan's oil revenue is providing arms and funding for the genocide, rather than economic development for the poor people of Sudan. Despite the atrocities in Darfur, Fidelity, through its mutual funds, not only has been a major investor in oil companies operating in Sudan, but it has been significantly increasing its holdings and is the largest holder of PetroChina (PTR) on the NYSE.
Research Links
- PETROCHINA CO ADS Snapshot
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- Officers and Directors at Reuters
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- PETROCHINA CO ADS Fundamentals
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- SEC Filings at Edgar Online
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- PETROCHINA CO ADS Technical Analysis
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Options
- Options Prices and Data at Yahoo Finance
- Options Prices and Data at IVolatility.com
- Call Options Data at OptionsBuddy.com
