Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

PetroChina Remains Top ‘Buy’ at BNP on Natural Gas Prospects

Dec. 6 (Bloomberg) -- PetroChina Co. is the top recommendation among Chinese oil stocks because its natural gas business may spur growth and the stock is cheaper than rival Cnooc Ltd., according to BNP Paribas.

PetroChina had its price estimate for Hong Kong-traded shares raised 8.8 percent to HK$11.70, analyst Bradley Way at BNP wrote in a note today. China’s top planning body may encourage PetroChina to supply natural gas to the northeast region by raising prices, according to the report. Its yuan-denominated stock rose 3 percent to 11.58 yuan as of 1:34 p.m. in Shanghai, the most since Nov. 11.

Link to Company News:{857 HK <Equity> CN <GO>} Link to Company News:{883 HK <Equity> CN <GO>}

To contact the editor responsible for this story: Allen Wan at awan3@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.