Warren underweight "most profitable" business in the oil price slump.

<P>: Http:// hearing, subject to stock reduction of the negative effects of God, the oilman's most profitable market in Asia has shrunk dramatically, the cumulative decline in nearly 7%. .</ P> <P> opinions $ 77 / barrel oil prices, investors are not able to follow Warren grabbed the pace. .Yesterday, the first encounter Buffett's PetroChina holdings, shares of Chinese enterprises in Hong Kong stock market in one of the largest stock selling pressure. .Yesterday, the largest decline in oil was more than 5%, eventually closing down 3.6%. .Hong Kong Stock Exchange in respect of disclosure of Buffett's holdings in the information day (on Friday), PetroChina fell 3.1%. .Thus, by the stock holdings of the negative effects of God, the oilman's most profitable market in Asia has shrunk dramatically, the cumulative decline in nearly 7%. .</ P> <P> ● stock holdings for investment banks understand God </ P> <P> Hong Kong Stock Exchange data show that Buffett on July 12 per share price of 12.441 to dollar holdings in the oil-16900000 .shares, involving 2.1 billion dollar capital, the shareholding of 10.96% from 11.05% down. .</ P> <P> Since 2002, Buffett started to collect in the oil stocks, then that is frequently swept into generous. .PetroChina shares in 2003 the average price of 1.65 HK dollars per share, Buffett's investment in the oil about 32 million. .Few years more than 240 million book huge profits, so the legendary Warren Buffett gift to the myth of wealth. .</ P> <P> news of Buffett's holdings in PetroChina after the close last Friday at the Hong Kong Stock Exchange published on the website. .The stock has risen over the past three months, 31%. .</ P> <P> which previously held the oil firm, said repeatedly Buffett, did not specify why the sudden reduction, in particular the choice of oil hit record highs in the mid-7 for sale, which became the latest investment banks .competing to guess a mystery. .Part in the sale of oil stock, Buffett is still the second largest shareholder, after the parent company of PetroChina Petroleum Group. .</ P> <P> ● oil investment bank in the future evaluation of different </ P> <P> Buffett's surprise move could trigger investors to the Chinese oil stocks, China stocks and even re-judgment. .</ P> <P> judge yesterday, UBS said the oil price is expected to be significantly adjusted. .Buffett reduction in the valuation of oil believed to be factors for consideration, rather than political factors. .UBS analysts said. .Its reason is that Buffett only recently due to political pressure in the oil shares held for their own defense. .</ P> <P> UBS forecast that Buffett does not exclude a further possible reduction in oil stocks. .UBS maintained a neutral rating of the oil target price of 12 million. .</ P> <P> But there are also optimistic. .Guotai Junan (Hong Kong) released a report yesterday, said Buffett's investment in return for oil exceeded 7 times, from the perspective of investment transactions, the timing of reduction is beneficial. .Even Warren Buffett to make full cast, the market can still be supported. .Furthermore, Buffett is still held by the oil 2.314 billion shares, the proportion of the sale of the shares of its positions is minimal. .Weakening in the trend of the atmosphere, although its share price reduction will bring some psychological effects of short-term, but does not affect the investment value of the oil. .</ P> <P> followed by Guotai Junan lists a series of bullish factors in the oil: the oil-tax reform in 2008 benefit performance, oil and gas discoveries, QDII scale, joined this issue of A shares and the Hang Seng Index constituent stocks, these .have contributed to the increase valuation. .Guotai Junan that remain in the investment value of the oil the next two years, the current target price of 13 Hong Kong dollars, the investment rating for the collection. .</ P>.