PetroChina Co., Ltd. Class A 601857

PetroChina (SEHK:857) is back in focus after reports that Abu Dhabi based XRG P.J.S.C is in talks to buy into the LNG Canada joint venture, where PetroChina currently holds a 15% stake. The share price of PetroChina trades at HK$9.665, and despite a 1 month share price return that declined 4.97%, the 90 day share price return of 10.46% and 1 year total shareholder return of 44.84% suggest momentum has been building as projects like LNG Canada progress and potential stake sales shift how...

PetroChina (SEHK:857) is a joint venture partner in LNG Canada, which has approved its Phase 2 export terminal expansion. The Phase 2 decision will double LNG Canada's production capacity compared with its initial build out once completed. LNG Canada reached an Indigenous ownership agreement with five neighboring First Nations, among the largest such stakes in Canadian infrastructure. The Phase 2 greenlight and Indigenous equity deal reshape what LNG Canada could mean for PetroChina's long...