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Well spotted AFS. Petrochina has bumped up its holdings to ~113...

  1. Ya
    6,809 Posts.
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    24/07/09
    15:49
    Post #: 5428242
    Well spotted AFS.

    Petrochina has bumped up its holdings to ~113 million or 16.37% of CUE's shares. Wonder who else is on their radar ;)

    In March '09, Petrochina had a mkt cap slightly more then Exxon-Mobil. Mcap is about US$226 billion on NYSE, but that doesn't stop them from embarking on Acquistions given that we have CNOOC planning 3 wells up north & Sinopec holding AED & recently acquiring a stake in Nexus's Longtom project.

    Only a matter of time for Petrochina to take the plunge, one would think.

    Game on!!
    MEO Price at posting: 40.0¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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