It may be time for Warren Buffett to bail on PetroChina Co.
"It may be time for Warren Buffett to bail on PetroChina Co.
Shares of the company, Asia's largest by market value, have risen 39 percent this year, and now are among the most expensive of the world's biggest oil producers relative to earnings. Buffett's Berkshire Hathaway owned 1.3 percent of Beijing-based PetroChina, valued at $2.7 billion, at the end of 2005. "
Shares of the company, Asia's largest by market value, have risen 39 percent this year, and now are among the most expensive of the world's biggest oil producers relative to earnings. Buffett's Berkshire Hathaway owned 1.3 percent of Beijing-based PetroChina, valued at $2.7 billion, at the end of 2005. "
posted by god_is_good478 at 5:18 PM
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