PetroChina Company (PTR)

Add a New Bears Reason Company: PetroChina Company (PTR) Current price: Headline: (100 character max) Analysis: Cancel 75% agree 4 votes   China Capped Energy Prices Top Contributor: Brandon Stockman | Created when NYSE:PTR was $151.14 | Edit | History China has frozen the cost for gasoline, natural gas and electricity to prevent further inflation. This price cap limits PTR in how competitive it can be against other major oil companies. The government of China has stated that there will be no change to this policy in the near future. (100 character max) Cancel 66% agree 3 votes   The Limitations of Communism Top Contributor: Aja312 | Created when NYSE:PTR was $135.96 | Edit | History Because China is under a Communist regime, the country has been somewhat blind to the technological advancement of the 90's. Without embracing the 'information revolution,' they will never be able to produce enough to make PetroChina into a stock of any major significance. Only when computers are fully integrated will there be potential for China's oil supply. (100 character max) Cancel

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