Author Topic: At today's prices is petrochina a buy?  (Read 1548 times)

basl1

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At today's prices is petrochina a buy?
« on: March 04, 2009, 07:38:08 AM »
to the mavens in the group ???


roberts1001

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Re: At today's prices is petrochina a buy?
« Reply #1 on: March 04, 2009, 01:51:53 PM »
It sure looks cheap, on either an asset basis or on an operations basis.  On an asset basis PTR's ratio of enterprise value to proven reserves is $7/barrel of oil equivalent.  On an operations basis PTR is selling for a PE of 7, based on either trailing 12 months earnings or estimated 2008 earnings.