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Rating: PTR

Petrochina Company (NYSE: PTR) reiterated to Underperform by Credit Suisse

Wednesday,  Jan 20, 2016  5:25 PM ET by Lynn Gilbert

Credit Suisse reiterated Petrochina Company (NYSE: PTR) to Underperform. Previously,
Credit Suisse rated Petrochina Company (NYSE: PTR) to Underperform on 08/15/2013, when the stock price was valued at $118.48.

PetroChina Company Limited is an oil and gas producer and seller in the People?s Republic of China (PRC). The Company, along with its subsidiaries, is engaged in a range of petroleum related activities, through its four segments: Exploration and Production, Refining and Marketing, Chemicals and Marketing, and Natural Gas and Pipeline. The Exploration and Production segment is engaged in the exploration, development, production and sale of crude oil and natural gas. Refining and Marketing segment is engaged in the refining, transportation, storage and marketing of crude oil and petroleum products. The Chemicals and Marketing segment is engaged in the production and sale of basic and derivative petrochemical products, and other chemical products. Natural Gas and Pipeline segment is engaged in the sale and transmission of natural gas. During the year ended December 31, 2008, it acquired Sun World Limited, a wholly owned subsidiary of China National Petroleum Corporation (CNPC).

Excellence in equity and fixed income research is a hallmark of Credit Suisse. Globally, our equity research analysts provide in-depth coverage of over 2,500 companies and engage in a knowledge-sharing, value added culture that has yielded the most insightful product for our customers and tremendous competitive results. Additionally, Credit Suisse's powerful macro-economic and debt strategy teams integrate the bank's comprehensive company research with keen market perspectives of the ever-shifting investment terrain.

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