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0.00% 2.1¢ petsec energy limited

Reading news of the frenzy in Shanghai from PetroChina's...

  1. Pedro01
    228 Posts.
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    05/11/07
    20:13
    Post #: 2972492
    Reading news of the frenzy in Shanghai from PetroChina's IPO.

    Seems to me that China valuations are crazy right now, and people are throwing money around and paying over the odds for assets.

    Does anyone think this could impact the China JV and Petsec in particular?

    I am thinking if they hit more oil in their upcoming drilling, they can maybe dilute a bit of the JV interest and get someone to pay stupid cash for it... or one of the JV partners may completely sell their interest.

    Any thoughts?
    PSA Price at posting: 0.0¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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