MANILA (AFX-ASIA) – Petron Corp shares have been trading weaker on concerns that rising oil prices amid continuing tension in the Middle East may eventually weaken its sales, dealers said. Dealers said, however, the stock’s downside appears limited by expectations that the company may be able to meet its projected 2002 net profit of over…
PHILIPPINES: Petron lower on possible oil price hike impact on sales
Posted on March 6, 2003 by EnergyAsia