Petrochina, mein heutiger Kauf

PetroChina plans to develop 2nd-generation biofuels  
 
Monday, January 15, 2007

BEIJING - China's largest oil producer PetroChina, plans to produce second-generation biofuels, made from starchy low-input feedstocks such as woodchips or straw, together with the State Forestry Administration.

 
 
The energy firm did not say how much the deal was worth, but by 2010, it hopes to have capacity to produce over 2 million tonnes of non-grain based ethanol a year, it said in a statement on its Web site ( http://www.petrochina.com.cn).

"The resource is highly renewable, it doesn't compete for space with the forestry industry, it doesn't compete with humans for grains, and both the environment and the company can benefit at the same time," the statement said.

A growing appetite for bioethanol, driven by high energy prices and worries about energy security and global warming, has recently helped push up grain prices worldwide.

Food security concerns and a shortage of arable land are likely to limit the amount of ethanol that can be made from grains even as demand grows, but cellulosic ethanol could make larger-scale substitution for gasoline viable.

PetroChina hopes to become a leader in the biofuels field, and also plans a 200,000 tonne per year plant for biodiesel made from forestry products, the statement added.

© Reuters 2007  

PetroChina, China's largest oil producer, dropped 1.4 percent to HK$9.82. Gideon Lo, an analyst at DBS Vickers, set his 12-month price target on the stock at HK$10.19. Thomas Wong, an analyst at UBS AG in Hong Kong, yesterday reduced his price estimate for the shares by 5.7 percent to HK$10.

Cnooc, China's largest offshore oil producer, fell 1.7 percent to HK$6.76. Inpex Holdings Inc., Japan's largest oil explorer, lost 1.1 percent to 921,000 yen. Woodside Petroleum Ltd., Australia's second-biggest oil and gas producer, dropped 0.8 percent to A$36.10.

Crude-oil futures in New York today slid 1 percent to $52.44 a barrel in electronic, after-hours trading. Oil prices have slumped 32 percent in the past six months, threatening earnings at oil producers. Oil recently traded at $53.01.

``It's not safe to buy right now,'' said Alex Wong, a fund manager at Ample Capital Ltd. in Hong Kong. ``A warm winter in the U.S. has discounted oil prices.''  

By Fayen Wong

SYDNEY (Reuters) - Oil prices rose closer to the $56 a barrel mark on Monday, supported by a cold snap in top consumer the United States and by escalating political tensions in Iran and Nigeria.

U.S. crude  climbed 47 cents to $55.89 a barrel by 0155 GMT, extending Friday's 2 percent gain, on expectations that freezing temperatures in the U.S. would speed up consumption of a brimming stockpile.

London Brent crude  rose 30 cents to $55.59.


"Oil prices are likely to rise further because we are seeing stronger demand outlook for heating oil products in the U.S. because of lower-than-usual temperatures, which are forecast to continue next week," said Dariusz Kowalczyk, chief investment strategist at SJ Seymour Group.

"News out of Iran over the weekend about progress in nuclear research has also spooked the market a bit."

An Iranian parliamentarian said on Saturday the country had begun installing 3,000 new atomic centrifuges for uranium enrichment -- a process that can make atomic bombs. But the statement was swiftly rejected by an Iranian nuclear official.

The conflicting news raised concerns that simmering tensions between the U.S and Iran, the world's fourth-largest oil producer, could swiftly worsen, leading to a replay of a price hike that pushed U.S. crude to a record of $78.40 in July.  

Hong Kong: We expect US Federal Reserve to keep interest rate unchanged this week given strong economic data and increase in 10-year treasury yield from 4.42% in early December to 4.87% at present. Market view on US interest rate in the second half of 2007 is mixed showing that rate hike is not impossible. China?s CPI rose sharply from 1.9% in November to 2.8% in December, the highest since February 2005. We do believe that China will raise interest rate in February to cool down investment and the stock market, leading to a correction of HSCEI to 9,000. We expect to see more downside risk on China property stocks. Upstream oil companies like PetroChina (857) will outperform this week given a rebound in crude oil futures prices by 7% last week and a start of OPEC cutting oil output on Thursday. Maintain BUY on PetroChina.  

Oil Rebounds Strongly, PetroChina (0857) Desirable When Stabilized
09:55


Demand for heating oil was boosted as the US northeast turned to a colder weather. Besides, the plan of addition in US?s strategic oil reserve by president George W. Bush and entries of funds led the international oil price for a rebound to US$57/bbl. The situation is advantageous for oil shares that are sensitive to the oil price. Taking a look at PetroChina (0857.HK), as the mechanism for product oil pricing will be released soon, the group plans to expand its business scope by investing RMB23.4 billion on oil refining and selling. On the other hand, concerning its business results, though it is anticipated that the group?s profit in the 4th quarter will be slowing due to pressure on its realized oil price, the growth in annual profit should be promising. Apart from that, the concept of issuing A-shares will still be the reason for speculations of the H-share.

As for technical trend, the share?s price slid below 8.00 to 7.10 in mid-June, but then it was supported for a rebound to above 8.00 in July. After reaching 9.16 in August, it retreated to 8.10. Under heavy trade in November, the price broke through resistance at 9.16 and 9.60, and it had been setting record high one after one. However, it had been plummeting since setting a record high at 11.28 early this year. Finally it was supported at 9.30 below the short term up trending channel. Strategically, if the price stabilizes above 9.30, investors may buy call warrants and speculate for a shot at the resistance at 10.10. Stop loss if it fell below 9.30.  

Greetings
gerade bei Google die Premarket kurse gesehen:

Pre-Market: 1,114.44 +991.61 (807.30%) Feb 20, 7:38AM ET

+ 807%%%%%%%%%%%%%%%%%%%%%%%%%%%%%

Yes

;-)

RS  

und, was osll das bedeuten ???

 

Der Ölpreis steigt endlich wieder über 62. Petrochina hat in den letzten Wochen aufgrund niedrigem Ölpreis und Korrektur in China doch ziemlich gelitten. Ist jetz gerade noch so ein interessantes Einstiegsniveau (vorallem da hierzulande die Korrektur noch nicht vorbei ist) Sollten relativ zügig das Hoch aus Dez/Jan wieder erreichen.  

Peking 08.03.07 (emfis.com)
Chinas größter Ölkonzern, die PetroChina Co Ltd, beabsichtigt in der Provinz Sichuan, im Südwesten Chinas, eine Raffinerie und einen Äthylenbetrieb aufzubauen. Dazu wurden gestern in Peking mit der Provinzregierung entsprechende Verträge unterzeichnet, so Oilnews, das CNPC News Online-Portal.
Die Raffinerie soll eine Jahreskapazität von 10 Millionen Tonnen erreichen und das Äthylenwerk 800.000 Tonnen.
Das Großprojekt, welches in der Nähe von Chengdu entsteht, soll bereits 2010 in Betrieb gehen. Von Seiten der Entwicklungs- udn Reformkommission wurde für das Äthylenwerk bereits grünes Licht gegeben, für die Raffinerie steht die Zustimmung noch aus.
Über das Investitionsvolumen wird spekuliert. Industriequellen sprechen von über 50 Mrd. Yuan (6,76 Mrd. USD) für das Raffinerieprojekt und 20 Mrd. Yuan (2,67 Mrd. USD) für das Äthylenwerk.
Bereits im Februar hatte PetroChina von der Kommission die Zustimmung für den Bau einer Raffinerie in Qinzhou, Südwestprovinz Guangxi, erhalten. In dieses Projekt, welches im nächsten Jahr fertig gestellt sein soll, fließen 15,2 Mrd. Yuan (2,05 Mrd. USD). Auch diese Raffinerie soll eine Jahreskapazität von 10 Mio. Tonnen Öl erreichen. Mit diesem Projekt dringt PetroChina in das "Hoheitsgebiet" des Konkurrenten Sinopec Corp ein.  

PetroChina May Post a Fifth Year of Record Net Income (Update1)

By Ying Lou

March 16 (Bloomberg) -- PetroChina Co., China's biggest oil company, may post a fifth year of record profit because of higher prices, production and demand as the nation's economy expanded at the quickest pace in 11 years.

Net income may have risen 12 percent to 156.8 billion yuan ($20.2 billion) last year, based on the median estimate of nine analysts in a Bloomberg survey. Earnings probably quadrupled since 2001. Beijing-based PetroChina reports on March 19.

PetroChina, Exxon Mobil Corp. and Royal Dutch Shell Plc are benefiting from a five-year bull-run in oil that pushed prices to a record average of $61.05 a barrel in New York last year. PetroChina produced more oil and natural gas than ever before in 2006 as it strained to meet demand in the world's fastest-growing major energy market.

``Combining production, expansion and oil prices with their continuous efforts to lower costs, I think PetroChina will deliver stable and decent earnings growth going forward,'' said Winson Fong, who manages $2 billion as chief investment officer at SG Asset Management in Singapore. ``I remain quite positive about the medium, long-term growth outlook.''

Exxon Mobil, the world's largest publicly traded oil company, said Feb. 1 2006 profit rose 9.4 percent to $39.5 billion, a record for a U.S. company. Shell said the same day its full-year profit reached $25.4 billion, the highest for a U.K.-listed company.

Kazakhstan Fields

Chinese oil companies spent $15 billion buying oil fields and oil companies in 100 countries in five years, McKinsey & Co. said in an August report. That's led to intensified rivalry over energy resources with neighbors India, Japan and South Korea and prompted concern from the likes of Exxon Mobil, Shell and BP Plc that they may lose reserves to Asian state-run companies willing to pay higher prices.

PetroChina Chairman Chen Geng last year paid parent China National Petroleum Corp. $2.74 billion for 67 percent of PetroKazakhstan Inc. The acquisition may boost the listed unit's production by 5 percent annually for the next five years and help replace depleted reserves.

``Management will likely deliver reassuring forward guidance, especially on the reserve replacement and natural gas development fronts,'' Gordon Kwan, head of China oil and gas research at CLSA Ltd. said today. Exploration successes and an end to losses at PetroChina's refineries will limit concern that higher costs and capital spending will erode profit, he wrote in a note to today.

Increased Production

Output in 2006 rose 5.2 percent to the equivalent of 2.9 million barrels of oil a day, the company said Jan. 15. The average price for PetroChina's oil jumped 24 percent to $59.76 a barrel, pushing net income beyond the record 133.4 billion yuan earned in 2005.

Oil demand in China, the biggest consumer of the fuel after the U.S., rose 9.3 percent last year as the economy grew 10.7 percent, the most since 1995. Oil consumption climbed to 6.9 million barrels a day, the Ministry of Commerce said Feb. 14. Domestic production rose 1.7 percent to 183.7 million tons, while imports of crude and oil products jumped 20 percent to 162.9 million tons, or 47 percent of total demand.

Still, PetroChina's earnings momentum is slowing. A 12 percent gain in net income for 2006 would be less than half the 28 percent jump posted a year earlier.

The increasing proportion of gas the company produces may curb gains in profit, Credit Suisse Group analysts Prashant Gokhale, Edwin Pang and Horace Tse said in a report yesterday.

`Low Margins'

PetroChina's 2006 oil production rose 0.8 percent to 829.7 million barrels, while gas output surged 24 percent to 1.38 trillion cubic feet.

``PetroChina's production is oil-biased, but the future is gas-heavy,'' the Credit Suisse analysts wrote. The business of supplying gas in China ``has low margins,'' they said, downgrading the stock to ``underperform'' from ``hold.''

The shares, which surged 74 percent in 2006, have lost more than a fifth of their value in Hong Kong this year, compared with the 5 percent decline in the city's benchmark Hang Seng Index.

U.S. billionaire Warren Buffett, PetroChina's largest foreign investor, is under pressure to get rid of the 1.1 percent stake his Berkshire Hathaway Inc. owns in the Chinese oil company.

Berkshire shareholder Judith Porter has submitted a ballot proposal aimed at forcing Berkshire to divest its stake in PetroChina because the company's state-owned parent operates in Sudan, a nation accused of genocide. Investors will vote on the proposal at Berkshire's May 5 annual meeting.

PetroChina may set a further record by holding China's largest domestic share sale, raising funds for expansion. The company has asked regulators to approve a 30 billion yuan listing on the country's so-called A-share market, the official Xinhua news agency reported March 8.  

"Looking at the NYSE names, March and April will be very exciting
indeed. The petrochemical sector has four stocks to look at:
Petrochina (PTR), CNOOC Ltd. (CEO), Sinopec and Sinopec Shanghai
Petrochemical (SHI). As we argued last month, Petrochina is the safest
bet. CNOOC Ltd. has delivered outstanding growth in 2006 that will be
hard to surpass in 2007. The stock price has been under pressure in
2007 and lost almost 20 percent since then. Even if crude oil prices
recover, CEO will it find hard to impress investors in the first two
quarters of 2007. For this reason we think CEO is a HOLD.

Sinopec (SNP) has been the best performing oil stock in the past six
months. We argued that the lower the crude price the higher the margin
for refined oil for Sinopec. Given the rollercoaster ride of crude
prices in 2007 so far, Sinopec performance is hard to predict. Sinopec
is a HOLD in our opinion for now.

This is why we still think Petrochina (PTR) is the way to go for now.
This integrated oil major is expected to keep growing along China's
overall growth and as long as its output targets are in line with
expectations, we see no reason to exit. Our recommendation is to BUY.  

Anscheinend werden gute News ja von Ariva nicht im News-Bereich veröffentlicht. Hier gang klar, derzeitige Schwäche nutzen. Petrochina kommt wieder:

Morgan Stanley says PetroChina's (0857.HK [News / Quote]) 2007 target appears in line with brokerage's earlier expectations, management's longer-term goals; crude oil production of around 1%, natural gas production of 21% combine for total hydrocarbon production growth of 5%. 'Similarly, output from PetroChina's refineries is targeted to rise by around 5%.' But capex in 2007 to rise 25% to CNY186 billion as company prioritizes preservation of its longer-term production targets above all else. 'Bullish investors with a longer-term investment horizon should seek to accumulate on further weakness over the coming weeks, in our view.' Rates Overweight with HK$10.40 target. Stock down 1.5% at HK$8.60. (SYC) Contact us in Hong Kong. 852 2802 7002; MarketTalk@dowjones.com

 

Gestern veröffentlichte Chinas größter Öl- und Gaskonzern PetroChina seine Zahlen für das abgelaufene Jahr 2006, EMFIS berichtete. Bei einem kräftig gestiegenen Umsatz, blieb der Nettogewinn hinter den Erwartungen der Analysten zurück. Diese hatten ihn zwischen 143,1 und 175,50 Mrd. Yuan prognostiziert, tatsächlich lag er bei 142,22 Mrd. Yuan.
Für das schwache Resultat macht Duncan Chan, Analyst von China Everbright Research, vor allem das vierte Quartal mit gefallenen Ölpreisen und gestiegenen Produktionskosten aus. Diese lagen mit 6,74 US Dollar pro Barrel um 28 Prozent über denen vom Vorjahreszeitraum.
Citigroup behält dennoch sein "buy/low Risk" Rating und das Kurs Ziel von 10,80 HKD bei.
Im Augenblick verliert PetroChina um 1,5 Prozent auf 8,60 HKD.

(nächstes Beispiel)  

Morgan Stanley ups target to HK$10.40 from HK$10.20, keeps on Overweight rating; says market has blown out of propertion concerns of rising production costs. 'With solid growth prospects and reasonable value, we continue to view PetroChina as the 'go-to' name in the Chinese oil space.' Says PetroChina's 2006 lifting cost +28%, not excessive when compared with industry norm +26%. Adds recent pullback of share price provides good entry point. (ARP) Contact us in Hong Kong. 852 2802 7002; MarketTalk@dowjones.com
 

1217 [Dow Jones] PetroChina (0857.HK [News / Quote]) +0.7% at HK$9, most heavily traded stock with HK$781 million, likely boosted by news of major oil discovery in Jidong field, Bohai Bay, which estimated to contain probable reserves of 2.2 billion barrels, expected to produce 200,800 bbl/day of crude within 3 years. PetroChina vice-chairman, president Jiang Jiemin earlier said this is biggest discovery in China in past 10 years; crude output from Jidong will likely exceed output from Tarim Basin in northwest, which PetroChina's other major oil field, source tells Dow Jones while PetroChina official says company plans to announce details of discovery in May or June.(RLI) Contact us in Hong Kong. 852 2802 7002; MarketTalk@dowjones.com  

Peking 28.03.07 (emfis.com) Die von PetroChina jüngst entdeckten Ölvorkommen in der chinesischen Bohai Bucht dürften geschätzte 2,2 Milliarden Barrel umfassen. Dies meldete heute die Nachrichtenagentur ?Dow Jones? unter Berufung auf Mitarbeiter des Unternehmens. Es werde zudem damit gerechnet, dass dort in drei Jahren die volle Förderung aufgenommen werden könne. Diese werde dann bei rund 200.000 Barrel pro Tag liegen. Es handle sich damit um das größte einzelne Förderprojekt, über das der Konzern derzeit verfüge.

PetroChinas Vize-Präsident Jinag Jiemin hatte bereits vergangene Woche erklärt, dass es sich bei den Vorkommen in der Bohai Bucht um den größten Ölfund handle, der in China in den vergangenen zehn Jahren gemacht worden sei. Nähere Details sollen im Mai oder Juni dieses Jahres bekannt gegeben werden.

In Hongkong legten PetroChina heute 0,22 Prozent auf 9,0 HK$ zu.  

SHANGHAI (XFN-ASIA) - China National Petroleum Corporation (CNPC), the parent of PetroChina Co Ltd (HK 0857), has set a 2007 natural gas output target of 54 bln cubic meters, up from 44.5 bln in 2006, a PetroChina official said.

Li Jingming, a vice president and member of PetroChina's Research Institute for Petroleum Exploration and Development, told XFN-Asia on the sidelines of a energy forum here that natural gas will mainly come from a field in Sichuan province, and the Tarim and Qaidam Basins in Qinghai province, which account for 80 pct of its gas output.

Li noted that natural gas prices have room to rise further, adding that Shanghai may raise prices for home-delivered natural gas this year.

Over the weekend, the Beijing municipal government raised the price of household natural gas by 0.15 yuan to 2.05 yuan per cubic meter.

Earlier this week, a source told XFN-Asia that China will raise natural gas ex-factory prices this month by a margin similar to the country's last hike in 2005.

China raised citygate natural gas prices by 13.27 pct to 1.28 yuan per cubic meter in August 2005.

lillian.wu@xfn.com  

Vrbörslich in den US

price 116,42   bid  114,02  ask 406,42............YES ;-)

manchmal sind sie schon anders..in den US

 

weiß jemand wann die dividende ausbezahlt wird und wie hoch (in Euro) die ist ??  

PetroChina's parent unveils big oil find in Bohai


HONG KONG, May 3 (Reuters) - China National Petroleum Corp. (CNPC), the parent of top Asian oil and gas producer PetroChina Co. Ltd. (0857.HK: Quote, Profile , Research) (PTR.N: Quote, Profile , Research), said on Thursday it has made a discovery in Bohai Bay with crude oil and gas reserves of 1 billion tonnes of oil equivalent.

The discovery in the company's Jidong oilfield contains proven reserves of 405.07 million tonnes of oil equivalent, the company said in a statement. Listed PetroChina's President, Jiang Jiemin, said in March that the firm had made China's biggest oil find in a decade in Bohai Bay.

© Reuters 2007. All Rights Reserved.  |  Learn more about Reuters


Next Article: PetroChina's parent unveils big oil find in Bohai


0857.HK
Last: HK$8.92
Change: +0.03
Up/Down: +0.34%
 

857 PETROCHINA 9.97 1.05 +11.77% 6,454,523 660,463    PetroChina (857) announced that it has discovered a large oilfield with geological oil reserves reaching 1,020mn tonnes (or 7.4bn barrels) at the region of Jidong tidal and shallow areas of Bohai Bay - Jidong Nanpu Oilfield. It was the largest discovery in China over four decades. PetroChina previously estimated that the reserve of the new oilfield was only 2.2bn barrels. As at 31 December 2006, PetroChina’s proved reserves including natural gas was 20.5bn of barrels of oil equivalent. We believe the discovery will be positive to share price. (Eric Yuen)   etroChina Co. Ltd. (0857.HK: Quote, Profile , Research) surged after it unveiled one of the world's biggest oil finds this decade, driving the China Enterprises index <.HSCE> up 1.9 percent at the open.

 

...es geht weiter, da sich der Gesamtgewinn des neuen Ölfeldes langsam ausgerechnet wird.....dabeisein  

... den Euro anzugreifen. :)

Tschau for now
Jockel  

* PetroChina Co. Ltd. (0857.HK: Quote, Profile , Research) gained a further 3.5 percent to HK$10.52 after announcing a landmark oil discovery on Thursday. (For details, click on [ID:nHKG290427])  

HONG KONG, May 3 (Reuters) - China National Petroleum Corp. (CNPC), the parent of top Asian oil and gas producer PetroChina Co. Ltd. (0857.HK: Quote, Profile , Research) (PTR.N: Quote, Profile , Research), said on Thursday it has made a discovery in Bohai Bay with crude oil and gas reserves of 1 billion tonnes of oil equivalent.

The discovery in the company's Jidong oilfield contains proven reserves of 405.07 million tonnes of oil equivalent, the company said in a statement. Listed PetroChina's President, Jiang Jiemin, said in March that the firm had made China's biggest oil find in a decade in Bohai Bay.