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New Oriental Energy and Chemical (NOEC)

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Last Post: 10/6/2017 3:15:03 PM - Followers: 19 - Board type: Free - Posts Today: 0

About New Oriental Energy & Chemical Corp. New Oriental Energy & Chemical Corp. is an emerging alternative fuel and specialty chemical manufacturer based in Henan Province, China. The Company is focused on the production of Dimethyl ether (DME), methanol and fertilizer products, and the Company expects to begin production of bio-diesel within the next year. The Company sells its products primarily through a network of distribution partners. NOEC produces all it's chemical products from coal. The company started as a urea producer for use in fertilizers. The company continues to produce urea and has a max capacity of 150,000tons annually. Urea is a low margin business but will likely remain in demand due to the high need for fertilizer in China. In addition to urea, NOEC produces methanol and has annual capacity of 100tons. Methanol is used as a fuel additive. China began requiring methanol additive to fuel to minimize pollution last year and there was a price spike due to lack of supply. For that reason, NOEC focused on methanol production in 2006. Supply has come online so prices have fallen. DME can be produced from methanol. DME has many uses, including as a substitute for LNG and natural gas. NOEC is working with a local university to develop DME as a substitute for petro-diesel in vehicles. NOEC views DME as a higher margin product with an increasing market. They have increased their capacity from 50tons to 150tons per day and will bring that extra capacity online in 9/07. The company eventually plans to produce 600,000tons of DME annually by 2010. This is the near term catalyst for NOEC. The company intends to shift from Methanol to DME depending on the prices/margins for each product. If they produce more DME, it will reduce their ability to produce methanol and vice versa. Another short term catalyst for increased profits are the process improvements that NOEC just completed. They use coal as their main feedstock. Coal comes in lump or "dust" coal. Dust coal is 10% cheaper. NOEC has modified their equipment to allow them to use primarily coal dust. In 2006, NOEC spent 17 million on coal purchases so the 10% savings could be over a million dollars per year. Overall NOEC is a producer of fertilizer components as well as fuel additives and fuel that will be in high demand due to the cleaner burning characteristics of both methanol and DME. Both product segments appear to have high growth potential in China and NOEC is preparing for that growth by dramatically increasing capacity. Shares Outstanding: 12.64M Total Cash (mrq): 8.1M Total Cash Per Share (mrq): 0.62 Total Debt (mrq): 8M Total Debt/Equity (mrq): 1.031 Revenue (ttm): 39.00M Revenue Per Share (ttm): 3.93 Qtrly Revenue Growth (yoy): 7.90% Gross Profit (ttm): 5.64M EBITDA (ttm): 5.35M Net Income Avl to Common (ttm): 3.02M Diluted EPS (ttm): 0.30 Trailing P/E (ttm, intraday): 14.21 Here's an excellent investor presentation put together by NOEC: http://sec.gov/Archives/edgar/data/1312547/000114420407039817/v082788_ex99-1.htm
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#357   You need to slap that 007 ask to Helter Skelter 10/06/17 03:15:03 PM
#356   is this thing moving its tail? unailand 03/21/14 02:22:39 PM
#355   Finally bids coming. ASK 07/01/13 11:16:28 AM
#354   NOEC up 80% ASK 05/16/13 10:07:27 AM
#353   IHUB will come to this play. ASK 03/06/13 01:23:42 AM
#352   Added some more. ASK 02/21/13 02:10:21 PM
#351   Stay tuned. ASK 02/21/13 10:04:28 AM
#350   When fillings start to come out I expect ASK 02/20/13 12:36:29 PM
#349   Someone loading this. ASK 02/20/13 12:29:42 PM
#348   NOEC WILL HIT $1 AT SOME POINT. ASK 02/19/13 02:34:30 PM
#347   I own both NOEC & YSYB. ASK 02/18/13 09:46:27 PM
#346   If NOEC had 2.5M volume like YSYB PPS ASK 02/17/13 10:59:37 AM
#345   Look at chart. ASK 02/06/13 08:23:26 PM
#344   Looking forward to 20-25 cents at least when ASK 02/06/13 08:19:49 PM
#343   Waiting unailand 02/05/13 04:26:44 AM
#342   Nice... PPS 02/04/13 11:35:29 PM
#341   Pretty possible NOEC will return to reporting status ASK 02/04/13 11:31:47 PM
#340   That was my buy today. ASK 01/30/13 10:07:38 PM
#339   NOEC~""Daily Chart~ PPS 10/09/12 01:24:23 AM
#338   Nice 37% up. ASK 10/08/12 04:04:40 PM
#337   NON-IHUB buying!! ASK 10/08/12 11:42:08 AM
#336   Something coming!!!! ASK 10/08/12 11:40:15 AM
#335   Something on the way. ASK 08/21/12 02:31:55 PM
#334   NOEC is real undiscovered GEM. ASK 07/31/12 12:54:46 AM
#333   See below insiders bought lots of shares at $1. ASK 07/29/12 06:51:20 PM
#332   I am very optimistic about NOEC. ASK 07/18/12 08:15:55 AM
#331   Someone unloaded just when it is almost time ASK 07/16/12 03:07:56 PM
#330   NOEC is one of those stocks that we ASK 07/14/12 10:16:29 AM
#329   Expecting news soon. ASK 07/13/12 12:54:04 AM
#328   Believe a strong PR can send it to sky. ASK 07/07/12 12:48:31 AM
#327   Yes, they delisted from the NASDAQ a few nvidiaforgames 06/26/12 09:45:48 AM
#326   D-listed? Are they still D-listed and is ROACH KILLER 06/26/12 09:41:59 AM
#325   The reason is because they failed to make nvidiaforgames 06/22/12 01:59:36 AM
#324   I know the reason for being delisted from NASDAQ. ASK 06/21/12 07:19:11 PM
#323   You do realize that this stock has turned nvidiaforgames 06/21/12 06:09:58 PM
#322   I see major upside with some fins & PRs. ASK 06/21/12 05:59:20 PM
#321   Very quite board but NOEC is gonna pop soon. ASK 06/21/12 08:22:55 AM
#320   Nice green. ASK 06/20/12 05:08:53 PM
#319   should we be worried? unailand 05/08/12 02:43:15 PM
#318   Strong gain opps off 4-5 level appears to SUPERNATURAL 05/06/12 12:54:40 PM
#317   2nd day close above MA(200), very bullish. STRONG CHART 05/04/12 04:04:21 PM
#316   Those who sold IZON at .03-.05 cause it jeanette36 05/04/12 03:47:07 PM
#315   yes sir, sometimes just holding on with patience SHEEPWOLF 05/04/12 03:07:45 PM
#314   Patient pay off. STRONG CHART 05/04/12 03:01:37 PM
#313   Very nice, many green days ahead. STRONG CHART 05/04/12 11:34:57 AM
#312   Herbol - Got in today @ .06 sir... stockmagnet 05/04/12 11:28:41 AM
#311   NOEC loading here looks like a winner. GLA moxy7 05/04/12 11:15:58 AM
#310   yup, $NOEC will be EPIC, many will hate SHEEPWOLF 05/04/12 11:06:34 AM
#309   Green days ahead. STRONG CHART 05/04/12 11:05:10 AM
#308   $NOEC .061 X .065,profit taking looks done; Moving SHEEPWOLF 05/04/12 10:50:30 AM