Why Exxon and Petrochina are trading dirty cheap?

PEs 11.5 11.8
Thats fking insane. Exxon is a fking AAA rated company, petro gives you exposure to the yuan which will guaranteed gain against the dollar. even oil movements doesnt explain this

 

Because their intrinsic values are pegged directly to a volatile commodity.

Should crude oil drop in value, their "cheapness" will melt very quickly.

 

Talk to the investor relations department

Akuma

 

Most likely remain depressed until late May/June.

 

They trade with oil price. No growth no high P/E.