Continuing strong oil fundamentals are supporting high oil prices. This bolsters a view that 1970’s style stagflation is a likely scenario, echoed in analysts’ comments on Buffett’s purchases of oil and gas equities and sales of bank stocks. For reference, in the last stagflation environment in the US, oil and gas equities performed exceptionally well:
The broad, negative outlook for the economy appears to be bak...

July CPI rose 8.5% vs 8.7% forecast: silver lining or fake signal?

1 Comment · 23K Views

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areecep

commented on a stock · 07/14 14:46

Buffett, an excellent market sector timer and cyclicals investor

Buffett is not known for cyclical investments. Over time, he has repeatedly stated his preference for investments that have stable, predictable, and growing cash flows—the opposite of the peaks and troughs of cyclicals. And yet, Buffett has intermittently owned and done well with oil & gas equities—particularly in inflationary periods much like the present.
Buffett is known as a fundamental value investor, but on closer examination...

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areecep

commented on a stock · 07/08 11:15

Warren Buffett/Berkshire Hathaway bought more OXY on July 5th and 6th

Not too far from its ATH. Not usual for them to buy a stock unless they find it undervalued. Does anyone have any insight on this?
I go first. I guess they find them undervalued. They must be optimist about the price of petrol&gas in the long term. WB mentioned that he decided to buy when reading the earning report of Q1, and thought that the CEO was doing all the right things.
But they know hold a significant share of the com...

2 Comments · 16K Views

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AlanYeo

wrote a post · 06/02 20:51

Bloomberg: China’s Oil Giant Sees Its Future in Hydrogen and Clean Energy

https://alphaedgeinvesting.com/2022/06/02/bloomberg-chinas-oil-giant-sees-its-future-in-hydrogen-and-clean-energy/
$SINOPEC CORP(00386.HK)$ $CNOOC(00883.HK)$ $PETROCHINA(00857.HK)$

32K Views

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mchongmy

wrote a post · 05/20 13:59

Bearish momentum for PetroChina?

Hi guys! Anyone looking at going for a sell for $PETROCHINA(00857.HK)$?
Price has been moving in a descending trendline and is below ichimoku cloud, which supports my bearish bias. However, i will only go in for a sell if price breaks through the level of support at 3.892 in line with the 50% fibonacci retracement and 61.8% fibonacci projection. There is a high level of barrier at the first level of resistance, 3.995, due to the area of confluence from the 78.6% ...

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VikTang

wrote a post · 04/26 18:14

Things you should know about PetroChina Company

This integrated oil company in China which is one of the largest producers of crude oil and natural gas in the world has witnessed the Zacks Consensus Estimate for its current-year earnings increasing nearly 19.3% over the last 60 days. PetroChina Company Limited company has a dividend yield of 7.31%, compared with the industry average of 3.77%.
PetroChina Co. Ltd. engages in the petroleum-related products, services and activities. It operates thro...

10K Views

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傻傻狗

commented on a stock · 04/01 10:15

$PETROCHINA(00857.HK)$ why drop when your results so good ?

13K Views

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Jeff Boyd

commented on a stock · 03/10 10:20

Russian Oil Companies

$PETROCHINA(00857.HK)$$CNOOC(00883.HK)$ Anyone think they will buy Russian oil assets? I honestly have no idea if they will or what Chinese company would buy if a transaction took place.

60K Views

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SEA Hedge

joined discussion · 08/26/2021 17:07

PetroChina:
Half year net profit attributable: RMB 53,037 mln yuan vs loss of RMB 29,983 mln yuan.
In 1H, group recorded crude oil output of 443.1 mln barrels, representing a decrease of 6.8%.
$PETROCHINA(00857.HK)$
$Petrochina(601857.SH)$

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Company Overview More

The company is the largest oil and gas producer and distributor in China's oil and gas industry, one of the largest companies with sales revenue in China, and one of the largest oil companies in the world. The principal businesses include: (I) exploration, development, transportation, production and sale of crude oil and natural gas; (ii) refining of crude oil and petroleum products, production and sale of basic and derivative chemicals and other chemical products; (iii) sales and trading of refined and non-oil products; and (iv) transportation and sale of natural gas. Main products: refining of crude oil and petroleum products; production and sale of basic and derivative chemical products and other chemical products; sales and trading of refining products; transportation of natural gas, crude oil and oil products and sales of natural gas. Corporate Honor: Asian Outstanding Achievement Award, Best Environmental responsible Enterprise, Best Investor Relations Enterprise, etc.

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