China will end in tears part 2

PetroChina listed today in Shanghai. They have a quarter of the revenue of Exxon and a larger market cap and no particularly exciting prospects. This makes no sense. Lock in this value by going long Exxon and short PetroChina. If you can stay solvent longer than this bubble can remain irrational then you're in the money.

PetroChina's Value Tops $1 Trillion. This is crazy valuation. It is bigger than;

• The entire Russian stock market
• Exxon Mobil Corp and General Electric Co combined and
• The entire Chinese stock market in 2006!!!

The trade I suggest above is high risk, but you hedge out your oil price risk by being long short. You've just got to wait for the rug to be pulled out from under China.