When did Warren Buffett buy Sinopec?

Warren Buffett sold 601866 CSCL earlier this year; At the same time, 601857 PetroChina.

Looking at this paper, I sighed that the child is strong now0460

2008 report.

In 2002 and '03, Berkshire bought a stake in PetroChina for $100 million. At this rate, PetroChina's market capitalization is about $37 billion. In the second half of last year, PetroChina's market capitalization rose to $275 billion, which we believe is comparable to other big oil companies, so we sold all of our holdings for $4 billion.

Another: We paid $1.2 billion in taxes due to the investment income brought by PetroChina. This amount is equivalent to all expenses for 4 hours of operation in the entire United States**, including defense, social security, .......Wait a minute.

Analysis: It is equivalent to a 30% tax of ** 12 yuan to sell, which is equivalent to 9 yuan to sell Now in 10 11 plus the dividends of these 4 years, there should also be 12 13 yuan Lao Ba sold at a loss.

I was just trying to take it easy, and you ended up rushing to 4757

Warren Buffett originally held more than 1 billion shares of PetroChina, and in the 15 days from April 9 to 24, 2003, ** at a lower price than Hong Kong dollar shares**, he made 7 attacks and bought at least 100 million shares of PetroChina H shares. In this way, as of April 30, Buffett held a total of 100 million PetroChina, accounting for the total share capital of PetroChina.

From July to October 2007, Warren Buffett sold PetroChina continuously in the range of 11-15 Hong Kong dollars, and sold about 4 billion US dollars for the principal of 500 million yuan, making a profit of about 27 billion yuan, and making a profit of 7 times. On November 1, 2007, PetroChina's H-shares hit the most ** after the Hong Kong dollar** all the way**.

Hello, Berkshire Hathaway's earliest ** oil was in 2003.

units of $1000).

PetroChina is listed on both A-shares and H-shares, and Warren Buffett bought PetroChina in Hong Kong stocks, which has nothing to do with A-shares.

Buffett's investment philosophy is still different from Soros and others, and he will hold good ** for a long time, such as Coca-Cola, he has held it for decades. Judging from the process of his investment in PetroChina, he was actually optimistic about PetroChina for a time and may hold it for a long time. However, in fact, there were many voices in the United States against Buffett's investment in PetroChina in the later period, which had political reasons (mainly some controversies such as Sudan), which also prompted Buffett to gradually sell PetroChina around 07.

In addition, the market value of PetroChina in 03 is much worse than that of PetroChina. Warren Buffett ended up earning HK$27.7 billion from PetroChina's investment.

In addition, by the way, when Buffett cleared his oil positions in batches, he quickly went to the top of the bubble, and some said that Buffett made a lot of money. In fact, Buffy's vision is still very accurate. A few months after the gradual sell-off, the bubble burst, if this is a sell-off, I am afraid that it will not be able to sell, and it will drive the ** landslide even more.