Stock Pick: PetroChina Company Limited (PTR)
This ADR is paying 5% dividend. This is an Oil and China play. Currently the stock is at 2005 price levels. Since I believe that oil price has bottomed out and China would be the first to recover from the recession, this is a great stock for me. In addition, being and ADR, this stock pays dividend in Chinese RMB, which is a great hedge against the U.S. inflation and dollar devaluation.
admin :: Apr.29.2009 :: Stock Picks :: No Comments »
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