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Strategies & Market Trends : Value Investing

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To: Paul Senior who wrote (32727)11/11/2008 6:01:21 PM
From: Jurgis Bekepuris  Read Replies (1) of 78652
 
PTR - at what price Buffett sold? I held PTR for a bit, but sold it, since Chinese government price controls oil in China + imposes windfall taxes on oil companies as it wishes. IMHO, this means that investors in PTR are like Buffett says patsies. Of course, the price is now quite attractive, but then price on almost all oil patch is very attractive, so I am not sure why I would buy PTR when I can get best US or Canadian companies for cheap?

In Chinese infrastructure, I have some WUHN. Super low liquidity though. Also SDTH, WH. Not sure if Chinese pharmas will benefit from the buildout.
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