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Re: [RAV4-EV] The 1st Trillion Dollar Company

This seems pretty wildly off-topic, but I think we can bring it
somewhat into the fold. It is indeed a really fascinating
development... I would not have thought to wake up and see
ExxonMobil's Market Capitalization doubled (!!) by a newly IPO'd
company. Surely we should acknowledge the massive money-making to be
made in providing fuel for vehicles.

Yes, the P/E ratio seems high, but using other valuations, it is
possible that the company is not as dramatically overvalued as that.
For example, their reserves are somewhere in the same ballpark as
ExxonMobil and their growth rate in reserves is high.

Second, although we're talking about a company that mines and refines
old-style vehicular fuel (petroleum-based) and serves the other energy
needs served by petroleum, we can turn that around and ask whether
such wealthy organizations can devote a portion of their wealth to
building business in petroleum-alternatives. British Petroleum, for
example, has done a bit of this, and who is to say that it is folly?
The massive money to be made in petroleum can (I would argue) be taken
as evidence of the massive money to be made generally in providing
energy, whether petroleum-based energy or otherwise. If alternatives
to the petroleum form of fuel energy demonstrate increasingly that
they have some advantages to petroleum (such as in lower cost of
pollution cleanup), then maybe their money-making power is
increasingly evident.

Lastly for now, we should generally be aware that the market valuation
and business of PetroChina both are affected by not only share price
but by cross-currency valuations (how many Chinese Yuan per dollar),
and we'll see where that goes.



[Default] On Mon, 5 Nov 2007 18:31:36 -0800, "Paul Scott"
<[email protected]> wrote:

>Could it be that the market is beginning to get a sniff of the peak? Read the whole story, the market sounds like it's out of whack trading at 55 times earnings, but these are smart people.
>
>Paul
>
>
>Article Link:
>www.bloomberg.com/apps/news?pid=20601080&sid=ao5As1_AUBZ0&refer=asia
>
>
>
>[Non-text portions of this message have been removed]
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