Hello Xarmsy, you raised an interesting point but China moved...

Hello Xarmsy, you raised an interesting point but China moved into the oil sector some years ago. It's main target appears to Russis from whom it has acquired significant resources. Other targets are the Middle East and Africa where it builds infrastructure in return for favaourable oil concessions e.g. Angola (uprgrading the road from Saurimo to Luanda), Yemen (building a railway from the coast to Sadah), Mauritania (upgrading the road to Zouarate) etc etc. In Oz it's target is unlikely to be STU as its assets are far too small, but Woodside, STO and the like.

I am not buying STU in case of a Chinese bid, I am buying STU because my research shows that STU and Caltex seem to represent the best value amongst the Oz oil companies and I believe oil will be US$70 by the end of the year. Higher next year. I also have confidence in management and their ability to deliver capital growth.

None of this is investment advice. It's for entertainment only. Please do your own research.