KAR 4.92% $1.92 karoon energy ltd

re: Ann: PetroChina and ConocoPhillips Browse... If I have read...

  1. 721 Posts.
    re: Ann: PetroChina and ConocoPhillips Browse... If I have read things correctly, COP have only sold off 20% of their holding. They still hold 80%.
    Doesn't sound like a sell-off to me. They have attracted another partner, who will also be an end user (customer).In return, they get access to acreage in China. Everyone wins.
 
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