SEHK:857Oil and Gas
PetroChina (SEHK:857) Stock Still Trades At A Discount On A 375% Run
PetroChina stock has delivered very strong long term gains over the past five years, yet the current valuation checks still suggest the shares lean cheap rather than fully priced.
PetroChina has returned 375.4% over the last five years, which puts recent pricing under closer scrutiny for signs of over optimism.
Future cash generation and capital spending needs are likely to be the key swing factors for PetroChina's valuation, since sustained cash flows can support the current share price...