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Recently, SNEN has got a great increasing speed. I wanted buying some stocks of SNEN, but I have lost a great chance. But maybe now is also not late.Some analysts have pointed out that by the end of this year, the price of SNEN will undoubtedly grow to $10. And in 2009, it will become $15.
SINE approved for NASDAQ listing today! I would go with that one.
Sinoenergy Corporation Approved to List on The Nasdaq Capital Market
BEIJING, July 23 /Xinhua-PRNewswire-FirstCall/ -- Sinoenergy Corporation (OTC Bulletin Board: SINE) ("Sinoenergy" or the "Company"), a manufacturer of compressed natural gas (CNG) vehicle and gas station equipment and a designer, developer and operator of retail CNG filling stations in the People's Republic of China, today announced that its application to list its common stock on The Nasdaq Capital Market was approved on July 22, 2008.
Sinoenergy has decided to start trading its common stock on The Nasdaq Capital Market under the symbol SNEN as of July 28, 2008, which is subject to final confirmation from Nasdaq soon.
"We are extremely pleased to receive approval to list our common stock on The Nasdaq Capital Market," said Mr. Bo Huang, CEO of Sinoenergy. "Having our common stock listed on the Nasdaq is an important part of our goal of raising our profile as we help develop the importance of CNG as an alternative source of energy in China. We believe that listing on the Nasdaq will increase our presence in the investment community, and that Sinoenergy has passed another milestone in its ongoing commitment to enhancing shareholder value."
About Sinoenergy
Sinoenergy is a manufacturer of compressed natural gas (CNG) vehicle and gas station equipment as well as a developer and operator of retail CNG stations in China. In addition to its CNG related products, the Company manufactures a wide variety of pressure containers for use in different industries, including the design and manufacture of various types of pressure containers in the petroleum and chemical industries, the metallurgy and electricity generation industries and the food and brewery industries.
What's the better play, SINE or PFGY?
I own both but tend to think PFGY has more potential SP gain in the next few months than SINE.
PFGY.OB...1.95 Extremely undervalued solar play that actually EARNED .17/share in the last quarter. Enormous backlog.
"Net income for the second quarter ended April 30, 2008 was $5.0 million, or $0.17 per share, compared with a net loss of approximately $0.2 million, or $0.01 per share, for the same period in 2007. Net income benefitted from an expanded production facility that allowed for greater economies of scale, and was also attributable to a positive impact from the change in the fair market value of outstanding warrants."
"The Company’s backlog of contracts as of April 30, 2008 totaled 17MW, which equates to approximately $74.8 million in revenues. Contracts that are under development and that the Company expects to complete total 8MW, and such contracts, if completed, would represent more than $30 million in revenues. The 17MW in backlogged orders under contract and 8MW of contracts under development that the Company believes it will complete for PV solar cells, modules and systems would represent approximately 80% of the Company’s PV module capacity and would exceed the Company’s solar cell production capacity, which the Company expects to expand to 45MW by July 2008."
Sinoenergy Corporation Completed Reverse Stock Split
Sinoenergy Corporation (original ticker symbol: SNEN),had completed a 1-for-2 reverse split of its Common Stock, the reverse stock split had taken effect today (July 09, 2008.) Sinoenergy’s new ticker symbol is change to “SINE”
Obviously, the split must be for the NASDAQ listing of Sinoenergy. Its stock price is now $4.70 (above $4.00. required by NASDAQ). I thought the NASDAQ listing will com soon.
look at this baby!
exciting news!
As a kind of clean and cheaper energy with the government support, CNG will be widely used all over the world. And with the increasing oil price, more and more family will turn to the cars with gas fuel.
Talking about this small cap, I think it has been extremely undervalued. Let's take a long look at it. Someone said that the stock price will go up to $10. I have bought more this morning.
Expecting,,,
Sinoenergy Corporation Opens Four New Retail CNG Filling Stations
Wednesday July 2, 8:00 am ET
http://biz.yahoo.com/prnews/080702/cnw015.html?.v=43
BEIJNG, July 2 /Xinhua-PRNewswire-FirstCall/ -- Sinoenergy Corporation (OTC Bulletin Board: SNEN - News; 'Sinoenergy' or the 'Company'), a manufacturer of compressed natural gas (CNG) vehicle and gas station equipment and a designer, developer and operator of retail CNG filling stations in the People's Republic of China, today announced the opening of four new retail CNG filling stations that started selling CNG as of July 1, 2008.
Three of the new CNG filling stations are located in Zoujia Wan, the City of Wuhan, Hubei Province. The fourth CNG filling station is located in Dawulu, the City of Pingdingshan, Henan Province. Each of the stations has four filling outlets, and is open 24 hours a day, seven days a week. Targeted sales for each CNG filling station, set by the Company and used in its business planning, are 10,000 cubic meters per day (equal to 353,147 cu.ft.) The designed maximum physical capacity of a standard CNG filling station is about 18,000 cubic meters per day (equal to 635,665 cu.ft.) All of the four new retail CNG filling stations are fully licensed by local governments to operate and sell CNG for use in CNG powered vehicles.
The Company has now opened and is operating a total of eleven retail CNG filling stations in Central and Eastern China.
Wuhan is the capital of Hubei Province and the biggest city in Central China, with a population of over 9 million people. The city has about 7,000 CNG powered vehicles. There are fewer than 14 retail CNG filling stations in Wuhan, and the Company believes that at least 20 to 30 retail CNG filling stations are needed to meet current demand for CNG. Sinoenergy plans to develop and open additional retail CNG filling stations in Wuhan in 2008.
'We are very pleased to have four new stations open and operating in Wuhan and Pingdingshan,' said Mr. Bo Huang, CEO of Sinoenergy Corporation. 'Opening three new CNG stations in Wuhan is a significant milestone that we achieved after extensive coordination and communication with a number of local government agencies. Although Wuhan's government approval process took longer than we expected, the successful opening of three stations in Wuhan has reinforced and strengthened our ability to work in the future with Wuhan's government. Sinoenergy will continue to develop and maintain close contact with local government agencies in Wuhan and other markets to accelerate the development of our CNG filling station business throughout Central and Southeast China.'
About Sinoenergy
Sinoenergy is a manufacturer of compressed natural gas (CNG) vehicle and gas station equipment as well as a developer and operator of retail CNG stations in China. In addition to its CNG related products, the Company manufactures a wide variety of pressure containers for use in different industries, including the design and manufacture of various types of pressure containers in the petroleum and chemical industries, the metallurgy and electricity generation industries and the food and brewery industries.
Safe Harbor Statement
This announcement contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact in this announcement are forward-looking statements, including but not limited to, future changes in the wholesale and retail price for CNG for vehicles in China; changes in policy by the national, provincial and municipal government of the PRC regarding CNG prices, the CNG vehicle industry, the construction and operation of retail CNG filling stations and related issues; the Company's ability to raise additional capital to finance the Company's activities; the effectiveness, profitability, and the marketability of its products; the future trading of the common stock of the Company; the ability of the Company to operate as a public company; the period of time for which its current liquidity will enable the Company to fund its operations; the Company's ability to protect its proprietary information; general economic and business conditions; the volatility of the Company's operating results and financial condition; the Company's ability to attract or retain qualified senior management personnel and research and development staff; and other risks detailed in the Company's filings with the Securities and Exchange Commission. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates and projections about the companies and the industry. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or to changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward looking statements are reasonable, they cannot assure you that their expectations will turn out to be correct, and investors are cautioned that actual results may differ materially from the anticipated results.
For more information, please contact:
Sinoenergy Corporation
Ms. Anlin Xiong, Vice President
Tel: +86-10-8493-2965 x860
Email: anlinxiong@sinoenergycorporation.com
Web: http://www.sinoenergycorporation.com
CCG Elite Investor Relations Inc.
Mr. Crocker Coulson, President
Tel: +1-646-213-1915 (New York)
Email: crocker.coulson@ccgir.com
Web: http://www.ccgir.com
--------------------------------------------------------------------------------
Source: Sinoenergy Corporation
NASDAQ is coming!
Based on the message from Insider IR, Nasdaq has begun to review SNEN's application materials and gave the first round of comments. These days, several PRs about officer change, new appointment gave and retain of new service provider are giving an evidence that there would be a big move on this sleeping lion! It has to and it is time to have a big move!
nice 23% pop today...
Maybe Sinoenergy finds support around 2.30?
nice pop last Friday...
Chart for iBox
It's the steady climber kickin ass.
SNEN what a beautiful chart !!!!
Should gap up soon like GHNG--same market
QTWW shorted heavy.. doesnt look good but public.. most others I found are private, and funded by government grants.. strange sector.. the alternate fuels upfit companies are... I'm still looking.
Private.. government grants-,,, http://www.transecoenergy.com/pages/CNG_locator.htm
You got all I know of
Nice move today, Kuquat have you found anymore CNG vehicle companies out there? Chng clne snen BBCZ so far. looking for more.
CHNR up to $10 today SNEN will follow as same market
Nasdaq coming.
Excellent.
Holding this one for those 2009 make goods of $22.5 net income.
easy triple here.
SNEN UNDERSTATED 2006 income by 45% !
Get the Westminster report on SNEN and check it out- an announcement has not been made yet...but according to Westminster, SNEN cleared .35/share in 2006 (not the .24/share they reported).
I'm sure SNEN will have to update their 2006 statement and release a PR on it soon.
When they do, the stock should move nicely. Considering CHNG made .23/share in 2006 and SNEN made .35, I'd say SNEN will move big to close the gap between them.
Unfortunately, I can't copy/paste the report here- it's copy protected, but you can get it for free at Westminster.
Their contact info is at the bottom:
http://biz.yahoo.com/prnews/070828/cltu066.html?.v=97
This one's a keeper.
Very nice move up today plus CHNG
Nice terms for shareholders IMO, with dilution less than 5m shares.
this is better than I was bracing for, lol.
Been in some toxic financing deals in these Chinese micros before, and it wrecked the sp big-time.
I don't think that will happen in this case.
Sinoenergy Corp. Announces Signing of $30 Million Private Placement Financing
QINGDAO, China, Sept. 5 /Xinhua-PRNewswire-FirstCall/ -- Sinoenergy
Corporation (OTC Bulletin Board: SNEN), ("Sinoenergy" or the "Company"), a
manufacturer of compressed natural gas (CNG) vehicle and gas station
equipment as well as a designer, developer and builder of CNG stations in
China today announced it entered into a purchase agreement on September 1,
2007 for the private placement of $30 million senior secured notes and
secured convertible notes.
Pursuant to the terms of the purchase agreement, the Company has agreed
to sell, and Abax Global Capital and China Century Investment Fund Limited
have agreed to purchase, (a) $16,000,000 of the Company's 12% Senior
Secured Notes due 2012 and (b) $14,000,000 of the Company's 3% Senior
Secured Convertible Notes due 2012. The Convertible Notes are convertible
into the Company's common stock at an initial conversion price of US $3.17
per share, which represents a 25% premium of the 30 trading days volume
weighted average price ending August 31, 2007.
Sinoenergy intends to use the net proceeds from this transaction for
its expansion plan in CNG wholesale and retail business as well as for
working capital and potential acquisitions, although the Company has no
agreements or understandings with respect to any acquisitions.
"This financing provides Sinoenergy with a timely source of capital to
continue executing our planned growth in CNG wholesale and retail market.
The cash proceeds, coupled with the cash on hand, provide us with
sufficient capital to meet our capital expenditure program in line with our
strategic growth initiatives," said Mr. Bo Huang, CEO of Sinoenergy
Corporation. "With these resources, Sinoenergy is focused on building our
previously announced network of CNG processing and filling stations in
Central and Eastern China. The first two filling stations in Wuhan are
expected to open by during September and the Company plans to build a total
of 100 CNG filling stations in Central and Eastern China by the end of
2009, although the exact timing is subject to obtaining timely government
approval."
"Sinoenergy is building a leadership position in the CNG vehicle
industry in China, which has strong growth prospects as the PRC supports
initiatives to improve air quality and reduce petroleum imports through use
of clean burning compresses natural gas," said Donald Yang, President of
Abax Global Capital. "We are pleased to be making this strategic investment
that will support the Company's growth plans."
Coverage initiated: Price target $6.75
http://biz.yahoo.com/prnews/070828/cltu066.html?.v=97
SNEN also presenting at Roth in NYC on September 5th at 2:30
This company won't be a secret much longer.
http://incentive.twstevent.com/sched/rcp0907/conference_presentations.html?event_id=2147
Slow down, I need more shares!
Easy double from here.
This income growth (from .01/share in Q2 2006 to .07/share in Q2 2007) is without a single CNG station being open yet.
What will their income be with 30 CNG stations open by year's end?
SNEN estimates $300k income from each station.
$300,000 x 30 = $9M income annually, plus $2-3M income/quarter from the conversion kit business.
They're looking at of $17M-$21M income in 2008.
wow. This stock is undervalued.
L@@King good
Yep, I saw that too.
There were 2 of them in fact.
Institution buying- maybe the company will get coverage soon?
Did I just see a 200,000 buy?
Sinoenergy Corp., Granted Land Title Deed in Qingdao
http://biz.yahoo.com/prnews/070808/cnw017.html?.v=18
SNEN article on SeekingAlpha today. Good stuff!
http://china.seekingalpha.com/article/43276
Here is article :
China Accelerating Use of Natural Gas Vehicles
Posted on Jul 25th, 2007 with stocks: CHNG.OB, CLNE, FEEC, PTR
James Finch submits: In a recent television interview, Boone Pickens told a reporter he was surprised to discover there were 9,000 buses in China running on natural gas. We were excited that someone else finally brought it up.
In an era of worrisome global warming events, it’s hard to argue with a transportation system that has proven to reduce particulate emissions by 95 percent compared to diesel engines and which also reduces carbon monoxide and nitrogen oxides by 75 percent and 49 percent, respectively. Those are the statistics UPS (NYSE: UPS) provides with regards to its 800 vehicles now running on compressed natural gas [CNG].
UPS has the largest private CNG fleet in the United States. Many cities in China could use the same clean air treatment. And like anything Chinese, natural gas consumption appears to be moving forward at breakneck speed.
Air pollution in Beijing and in many other rapidly growing Chinese cities has been a nagging ache in the side of China’s leadership. The recent growth spurt of automobile usage, replacing decades of bicycling, have further aggravated the untenable air climate. Combine this factor with Beijing’s mandate to clean up the air in time for next summer’s Olympiad, and the first appropriate target are the vehicles.
Although Beijing won’t convert its transportation fleet that fast, every little bit helps in the scheme of things.
According to the International Association for Natural Gas Vehicles, the most recent (and mostly outdated) statistics show more than 6.3 million natural gas vehicles [NGV] and over 10,000 NGV refueling stations. As of January 2005, China stood just behind the United States in global rankings for such vehicles, respectively eighth and ninth.
The number of NGVs compared to traditional gasoline- and diesel-powered vehicles is a drop in the bucket. But some of the more ambitious trade groups hope to reach a target of 50 million by 2020.
China offers the most immediate promise, which is probably what drove Boone Pickens to this marketplace. His California-based Clean Energy Fuels Corp (NASDAQ: CLNE) provides 200 fleet customers, which have about 13,000 NGVs, with the refueling capabilities for those vehicles with the company’s 168 natural gas fueling stations. By building distribution networks, corporate and government consumers can more readily access the natural gas to power their vehicles.
This fact is evidenced by the momentum of tiny China Natural Gas (CHNG.OB), which is servicing the city of Xi’an in China’s Shanxi province. Maybe you’ve never heard of the town, but the city now boasts a population of about 8 million.
Compressed natural gas reportedly powers 20,000 taxis, 3,000 buses and 2,000 special purpose vehicles. Over the next three years, the city’s leaders hope to nearly double those numbers. China Natural Gas now has 23 CNG filling stations in the city and hopes to expand outside Xi’an and into Henan province. Since late April, the company’s shares have more than tripled in value.
Boone Pickens envisions a big opportunity in China’s natural gas for transportation purposes. Generally, gas is used to fuel electrical power plants or for cooking. We first brought up the accelerating use of NGVs in our recent publication, “Investing in China’s Energy Crisis”, because of China’s struggle to quickly and efficiently import sufficient oil to power its economy.
Face it, China has a massive energy appetite. Pickens remarked during a recent television interview, “The activity is unbelievable.” In previous articles, we compared China’s energy-consumption and expansion to the Anglo-American-European Industrial Revolution during the eighteenth century.
China’s Coalbed Methane Activity Intensifies
China has a huge appetite for foreign investment to develop all stages of the natural gas fuel cycle. We have focused our coverage on the front end of the cycle, especially on coalbed methane gas.
This makes sense for China as the country has one of the most plentiful supplies of undeveloped coalbed methane [CBM] gas on the planet. In addition, the country has a long tradition of coal mining and expertise. CBM comes from coal mines and China has the largest number of operating coal mines in the world.
Speaking with Phil Flynn of Alaron Trading in Chicago, he told us about China’s drive to power their transportation system with natural gas, “We are years behind China.”
He pointed out that switching over in the United States would become a nearly impossible venture. “We don’t have the supply,” he said. “We would have to drill under the Rockies and under the Great Lakes, and then we would still become dependent upon natural gas imports.”
China has already begun the country’s campaign for an energy crossover.
About twelve months after China’s National Development and Reform Commission (NDRC) announced it approved the country’s coalbed methane development plan, new developments have been parading across our radar nearly every week.
The commission targeted production to reach 10 billion cubic meters by 2010.
On June 27, Shanghai CIMIC Life invested $196 million to develop a coalbed methane project in Jiangxi province. Construction is already underway.
On July 4, China National Petroleum Corp began exploring a new coalbed methane discovery in the Xinjiang Autonomous region. On July 6, Shanxi Ganghua Coalbed Methane Corp began construction of China’s first large scale CBM project – a coalbed methane liquefaction project.
On July 8, a PetroChina (NYSE: PTR) subsidiary signed an agreement with Shanxi Energy Industries to develop a CBM site in northern China’s Shanxi province. The World Bank will finance US$80 million of the US$190 million project.
On July 20, the city of Shenyang, and capital of Liaoning province, announced it would begin increasing its coalbed methane consumption in the region’s heavy industries to help reduce the level of pollution in the area.
On July 24, China’s NDRC approved a proposal from the first foreign company to develop a coalbed methane mine in China’s Shanxi province. Asian American Gas is the first foreign company to obtain NDRC approval in 20 years, and the first to do so in partnership with state-owned China United Coalbed Methane [CUCBM] since this corporation was formed. The plan’s initial capacity was reported at 500 million cubic meters annually. We reported in late January that U.S. coal baron, E. Morgan Massey, had backed this company.
China is optimistic about the country’s coalbed methane reserves. Two years ago, Xu Dingming, a director of the NDRC’s energy bureau estimated that China’s CBM reserves were roughly equivalent to the country’s natural gas reserves.
In December 2006, China’s Ministers of Finance, Customs and Taxation agreed to introduce tax breaks to companies which imported equipment for the development of coalbed methane resources. This notice came after it was reported that China’s CBM-utilization had failed to meet the targeted 36 percent – falling short by nearly one-third.
Since then, state-owned companies and the government have been intensifying their efforts to accelerate CBM exploration and development in China’s coal fields.
Over the next twelve months, we expect these efforts to escalate CBM development to a more highly visible international level.
More Players Entering China’s CBM Sector
One of the problems in the United States, according to Phil Flynn, is complacency with storage numbers. “Natural gas storage is a buffer against supply,” he said. “But if we have extreme weather this summer or a long, cold winter, production can’t keep up with demand.” He pointed to the spike following Hurricane Katrina in the summer of 2005.
The Chinese don’t have this buffer. Instead, they are faced with either further straining the world’s energy sources by importing natural gas (and crude) or by developing their domestic energy fields.
The significant news from Asian American Gas, a privately held company which we previously covered, is encouraging for others now developing their projects.
Companies we’ve featured in the past – such as Far East Energy (FEEC.OB), Green Dragon Gas [AIM: GDG] and Pacific Asia China Energy (PCEEF.PK) – have moved their projects forward against a very bearish tide. We believe they are well-positioned to follow in the footsteps of Asian American Gas. Current output is modest at the company’s six test wells at 300 thousand cubic meters, but again, this is a nice start.
Many North American investors haven’t yet looked beyond their borders in developments for natural and coalbed methane gas projects. The price of natural gas in North America is relatively meaningless in Beijing or Xi’an.
These companies should benefit from China’s recent acceleration to obtain more methane gas, natural or CBM, to power their vehicles. The average bus consumes about 70 cubic meters of compressed natural gas per day [CNG]. A typical taxicab uses an average of 30 cubic meters CNG every day.
A strong selling point for the increased use of natural gas vehicles: the price of fuel. A hybrid vehicle, which also utilizes compressed methane gas, cuts the fueling cost by 60 percent.
How would the U.S. consumer feel about paying $1.20 per gallon instead of $3/gallon at the gas pump? Probably the same way – one cubic meter of compressed CBM gas is the equivalent of 1.13 liters of gasoline and retails for less than half.
As we pointed out in late June, institutions have begun investing in this sector. With the next round of conferences in North America, during the fourth quarter and early next year, we suspect more institutions should take China’s coalbed methane projects more seriously. ‘Celebrity’ names such as Boone Pickens, Morgan Massey and others provide a comfort level for many cautious investors. But then again, it is the pioneers who make the biggest money, if the projects materialize.
In early July, W.R. Hambrecht rated Clean Energy Fuels a “buy” with an $18 price target. During his recent television appearance, Pickens noted another two analysts picked up on the company.
And we couldn’t agree more with Pickens, judging from emails readers have sent us. Pickens thought people didn’t really understand the story, at first. Now as more have digested what is taking place, Pickens said, ‘they like the story.’
We completely agree with Pickens’ comments to reporters, saying, “We think that (natural gas refueling stations) will be very big business in China.” This development is not unlike the growth of cellular phones in China. The country skipped the enormous infrastructure implementation for traditional landlines and zoomed to mobile telecommunications. Judging from our communications, and from what others have told us, the clarity of reception and reliability surpasses the standards in North America.
Building more NGV refueling stations will help drive the demand to bring more natural and CBM gas into China’s distribution network. It will probably become a major trigger to capture both international media and investor attention for this sector. In our new book, we reviewed the number of Chinese auto manufacturers investing in hybrid cars, including at least one line which would be powered entirely by CBM gas. Replacing significant percentage of gasoline and diesel with natural and CBM gas for powering transportation vehicles (and yes, even jet fuel is past the drawing boards), would suggest a major paradigm shift for the world's most populous country.
While we take natural gas for granted in the United States, the Chinese have taken this fuel source very seriously and embraced it. By devoting their energies in developing their transportation systems with increased natural gas consumption, the country’s atrocious pollution history might also be reversed.
I'm still watching, kind of puzzled and disappointed by its price movement (or lack of) when compare to CHNG. They were trading at the same price level a couple months ago, now CHNG is trading almost to $7, this SNEN is still trading at $2s. Wondering when and how it would move like CHNG.
So far today CHNG is up $0.53 at $6.69, and SNEN is down 0.10 at 2.36.
MM CRTC has been a big seller/diluator. For the year, he has sold over 14 million shares.
CRT CAPITAL GROUP LLC 14,941,381
Anyone still watching this stock?? I have been in contact with the CFO about the revenue potential of the CNG filling station. Here is her reply. (my original email is posted below her reply):
From: laby wu [labywu@gmail.com]
Sent: Tuesday, June 19, 2007 7:42 PM
To: Mike
Subject: Re: CNG Filling Stations
Hi Mike,
1) Under the assumptions, that the full capacity of one CNG station is 10,000 cubic meters per day( it is an average number from our feasibility analysis) and the sales price is current price (although we estimate that the price will incrase in line with gasoline price increasing) the annual net revenue is about $1.5 million with net income about $300,000 .
2) Our filing stations are built in central and southeast China, which means the economic developed area of China. Now the target province are Hubei province, Anhui province, Henan province, Zhejiang province etc..
3) Our long-term plan is, within these two years, we will build 70 CNG stations and within the 4 years, we wish we can build about 150 CNG stations in those area.
Bests,
LabyWu
CFO
Sinoenergy Corporation
1603-1604, Tower B Fortune Centre Ao City, Beiyuan Road,Chaoyang District,
Beijing China, 100107
Tel: +86-10-84928149
Fax: +86-10-84928665
-----------------------------------------------------
2007/6/20, Mike
Ms. Laby Wu,
I am hoping that you can answer some questions that I have concerning your company. My questions are specifically related to the new CNG filling stations:
1.) What are the estimated revenues expected to be generated from one CNG filling station?
2.) What region of China are these filling stations being built?
3.) I see that your company has set a goal of 30 CNG filling stations to be constructed by the end of 2007, are there plans to build additional filling stations in '08 or '09? And if so how many approximately?
Thank you for your time,
Mike
Yep I think this one is ready to move it has that feel to it alot of pent up buying behind it
What a day for SNEN. Dropped to $2.32 and bounced right back with a $2.60 close. Has the $2.32 seller realized it was ARCA playing games on the stock? I feel bad for the $2.32 seller, he was shaked out. Have I mentioned 2.45 and 2.34 support?
When ARCA is off the ask, the price quickly went back to $2.60. CRTC rules SNEN. I wish they make another shape tomorrow:
Great charts, I was thinking that this consolidation could be very brief (1-3 days) because it already had a "pure" breakout above the previous highs around 2.50. I saw a bunch of large blocks 10k up to 50k which spiked the volume and seemed like the MMs worked from those large blocks. I still cant understand why this is not at least over $3.
I think it is a consolidation before next leg up. There was a short on the stock, he piled up ask with fake ARCA ask orders if anyone watched level 2, he tried to scary the buyers. There are several big buyers - Roth Capital (ROTH) and CRTC.
Here are the charts, on the hourly chart, support at $2.45. On the daily chart, it has more room to go TA wise, definitely a buy on dip. 2.46 and 2.34 supports on the daily chart.
Hourly chart:
Hourly TA:
Daily chart/TA:
Interesting company here, maybe pauses for a day or 2 then we go higher? I am actually surprised we are still under 3 even higher. thoughts?
Definitely one of the stocks with great fundamentals - it's P/E raito is very slow and the annual growth rate is very high. I've just added today at $2.50s.
With a net income of $12 mil and OS 21 mil, at the current price, the P/E ratio is in single digit.
Wow, this company looks compelling given stated financial projection and growth rate.
Indeed, it is not a widely known stock - especially in light of the difficulty in finding a chart for it.
But then the longer it flies under the radar the more time we have to accumulate a nice position! :)
I think few people knows this stock, SNEN's recent guidance:
SNEN Sinoenergy Inc. Provides 2007 Guidance
* 2007 revenues expected to grow to $30.0-$32.0 million * 2007 income from
operations expected to grow to $9.0-$10.0 million
QINGDAO, China, April 20, 2007 /Xinhua-PRNewswire-FirstCall via COMTEX/ --
Sinoenergy Corporation (SNEN), ('Sinoenergy' or the 'Company'), a
manufacturer of compressed natural gas (CNG) vehicle and gas station equipment
and a designer, developer and builder of CNG stations, as well as a company
authorized to operate CNG filling stations in China announced guidance for new
revenue and income from operations for 2007.
For 2007, Sinoenergy expects to generate net revenue in the range of $30.0-$32.0
million, an increase of more than 140% from 2006 net revenue of $12.4 million.
Income from operations is expected to be in the range of $9.0 to $10.0 million,
as compared with income from operations of $4.2 million in 2006. Revenue and
profit growth will be driven by the proposed launch of 20 CNG filling stations in
the second half of 2007, along with the introduction of the marketing of our
conversion kits which enable owners of gasoline- powered vehicles to use CNG. We
expect that net revenue of $17-$18 million will be generated from our CNG filling
stations, CNG vehicle conversion kits and our CNG-related business, and $13 to
$14 million will be contributed by the traditional manufacturing segment.
Commenting on Sinoenergy's 2007 outlook, Mr. Bo Huang, Sinoenergy's Chief
Executive Officer, said, 'During the first quarter of 2007, Sinoenergy has made
significant progress in expanding our presence in the CNG vehicle market in
China, and experienced strong contract awards for conversion kits, CNG
infrastructure, and non-standard pressurized containers. We believe that our 2007
results can benefit from the development of our new CNG business, the
introduction and marketing of CNG vehicle conversion kits and the continued
internal growth of our traditional non-standard pressure container business. Our
net income will be affected by the extent that we have to borrow to expand our
business and the terms of any borrowings or other financings as well as the
availability of a tax holiday relating to a significant portion of our
business.'
'We believe we are well positioned to participate in the expected rapid growth
of the CNG-powered vehicle market in China, with the right strategies and a
management team with extensive industry experience that can continue the
successful execution of Sinoenergy's business plan. However, this guidance is
based on such factors as our ability to continue to generate business, our access
to the necessary capital to expand our business and the continued expansion and
development of both the CNG business in the PRC and the economy of the PRC as a
whole,' Mr. Huang concluded.
About Sinoenergy
Sinoenergy is a manufacturer of compressed natural gas (CNG) vehicle and gas
station equipment as well as a designer, developer and builder of CNG stations in
China. In addition to its CNG related products, the Company also manufactures a
wide variety of pressure containers for use in different industries, including
the design and manufacture of various types of pressure containers in the
petroleum and chemical industries, the metallurgy and electricity generation
industries and the food and brewery industries.
That's correct, they're in the same business. Maybe the same fund behind CHNG did this IPO too. They took CHNG to $4s, not sure where they'll take this one to, the float is smaller than CHNG - around 4 million, but will change like CHNG..
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