Hello Agamemnon, <<PTR>> ... I own it, together with CNOOC finance.yahoo.com and Sinopec finance.yahoo.com , had recently added more, have been happy with it so far ... Message 18882108
I invest in these China petro plays because I prefer not to speculate on Chinese auto-assembly enterprises. It may be better to wager on what must go into the assembled cars:0)
Petroleum, China or other nation's, accounts for 9.9% of my equity allocation (1.8% of gross asset), meaning I like petroleum, but do not like stocks;0)
The China petroleum plays have been stable, paying a generous dividend, and should the RMB eventually revalue against the dollar (18 -180 months from now), the Chinese petroleum plays will get a jolt of upward energy, as they are and will be buying from overseas to sell in China. We know the drill, like reading the 2013 Wall Street Journal today.
Chugs, Jay |
