PetroChina's Attractive Growth Prospects

Zacks.com submits: PetroChina Company Ltd. (PTR), the largest integrated oil company in China, gained approval from the Canadian government to acquire a majority stake in two oil sands projects in western Canada for C$1.9 billion ($1.8 billion). The decision is subject to commitments by PetroChina on spending and investment, as well as job creation.

By Adam Smith:In this article, I will compare the stock of Lukoil (LUKOY.PK) to the most well-known integrated major oil companies traded on the western markets: Oil companies such as: Exxon Mobil (XOM), Chevron (CVX), Shell (RDS-A), British Petroleum (

David Hunkar submits: The table below lists the top 10 foreign companies by market cap trading on the New York Stock Exchange:

Capacity at Hangingstone, in northeastern Alberta, will increase to 30,000 barrels of heavy crude oil a day from about 6,000 to 7,000 barrels Japan Petroleum Exploration Co., the nation’s second-biggest oil explorer, plans to more than quadruple output at its Canadian oil sands project to meet U.S. demand for the fuel.

By Morningstar: By Robert Bellinski

Richard Shaw (QVM Group) submits: We believe that the larger integrated oil and gas companies are in a favorable position. They are likely to benefit by either an expanding global economy, or to possess strong anti-inflation protections.

BRUSSELS — Canada threatened on Wednesday to take the European Union to the World Trade Organisation over its plans to label Canadian oil sands as dirty, but promised not to delay a bilateral trade pact. The issue has overshadowed relations as Canada and the EU try to deepen economic ties through a trade deal that could generate US$28-billion a year in new business and commerce.

CALGARY — Suncor Energy Inc.’s decision to scrap its partly built $11.6-billion Voyageur upgrader is “disappointing,” but the Alberta government remains committed to the planned Redwater upgrader, the province’s energy minister said Thursday. Ken Hughes said every project has its own business model and the Redwater upgrader remains a value creator for the province. “We are proceeding ahead on that one,” Minister Hughes said in an interview.