DaVinchi Furniture v CCTV + PetroChina + Sinopec

choi

(1) David Barboza, Chinese Retailer Accuses State-Run TV of Distortion; The subject of an investigation trades accusations with a reporter). New York Times, Jan 4, 2012
http://www.nytimes.com/2012/01/0 ... ;sq=cctv&st=cse
(Singapore-based DaVinci Furniture's recriminations against CCTV)

(2) Edward Welsch, PetroChina Buys Oil-Sands Project: The deal gives full ownership to a Chinese firm. Does it have the needed expertise?  Wall Street Journal, Jan 4, 2012
(PetroChina buys out the remaining 40% stake of MacKay River project from Athabasca Oil Sands)

Quote:

"Canada holds the world's third-largest reserve of oil. Most of those are oil-sands--essentially a mix of bituman and quartz sand

"PetroChina 'doesn't have much knowledge about how to develop an oil-sands lease,' Mr [UBS analyst Chad] Friess sid.

Note: asphalt
http://en.wikipedia.org/wiki/Asphalt
(Asphalt, also known as bitumen, is a sticky, black and highly viscous liquid or semi-solid that is present in most crude petroleums and in some natural deposits)

My comment: tThere is no need to read the rest of (2) or (3).

(3) Angel Gonzalez and Ryan Dezember, Sinopec Enters US Shale. Wall Street Journal, Jan 4, 2012
(Sinopec  "is making its first foray into the US by buying a one-third stake in Devon's acrage in five emerging fields--four shale plays and one limestonefield.")