Any selloff will be very short lived .....BHP is the best value in our market IMO.
NEW YORK — A Chinese government investment fund might eventually make a bid for mining and drilling company BHP Billiton to address the country's commodities concerns, said an analyst cited in an Australian newspaper.
Shares of BHP Billiton trade in two stocks. U.S. shares of Melbourne-based BHP Billiton Ltd. rose 90 cents to $55.40, while American Depositary Shares of London-based BHP Billiton PLC rose 32 cents to $51.15 in afternoon trading. Both equities trade on the New York Stock Exchange.
The company operates as a single entity and produces crude oil, natural gas, iron ore, coal, steel, aluminum, diamonds and more. Chinese demand for commodities has drive prices up recently, as the country's booming economy continues to expand.
The recently formed $237 billion Chinese State Investment Co., which aims to invest overseas, has already spent $3 billion for a 10 percent stake in private equity firm Blackstone, according to an article on Australia's Herald Sun Web site.
The stake will give the Chinese group a way to learn how to make private equity takeovers, Bell Potter research chief Peter Quinton said in the article. And an upcoming target of any newly acquired expertise could be BHP Billiton, the article said.
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Last
$42.96 |
Change
0.570(1.34%) |
Mkt cap ! $217.9B |
Open | High | Low | Value | Volume |
$42.74 | $43.16 | $42.65 | $205.9M | 4.798M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 13803 | $42.95 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$42.97 | 35250 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 13803 | 42.950 |
2 | 4155 | 42.940 |
1 | 6523 | 42.920 |
2 | 37158 | 42.910 |
3 | 27461 | 42.890 |
Price($) | Vol. | No. |
---|---|---|
42.970 | 35250 | 1 |
43.000 | 2700 | 2 |
43.050 | 1750 | 3 |
43.100 | 120 | 2 |
43.110 | 221 | 1 |
Last trade - 16.10pm 28/10/2024 (20 minute delay) ? |
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