1. How to use GuruFocus - Tutorials
  2. What Is in the GuruFocus Premium Membership?
  3. A DIY Guide on How to Invest Using Guru Strategies

Buffett Sells PetroChina Shares Near Record Price

July 27, 2007 | About:

Warren Buffett's Berkshire Hathaway Inc. pared its stake in PetroChina Co. two months after the billionaire rejected investor demands to sell out of China's biggest oil producer because of links to Sudan.

Berkshire sold 16.9 million shares, reducing its share of the stock issued in Hong Kong to investors other than the Chinese government to 10.96 percent from 11.05 percent, the Beijing-based company said in a filing to the exchange today. Berkshire owns about 1.1 percent of the company's entire capital.

Read the complete report

Rating: 2.5/5 (11 votes)


Please leave your comment:

GuruFocus has detected 3 Warning Signs with PetroChina Co Ltd $PTR.
More than 500,000 people have already joined GuruFocus to track the stocks they follow and exchange investment ideas.

Performances of the stocks mentioned by

User Generated Screeners

HattcoSymonds PB2PE12EV8
pbarker46Begin here 1
MisterTIndustry Selection
maurits_halimEPS Growth >20% (UK)
DBrizan2017sep19 Qcom Gild beater
alberto.lopezblancoPI / PTB
Jeremieroyspinoffs + insiders
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)

GF Chat