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