At least they're on the map:
Eurasiaequityreport.com: Eurasiaequityreport.com Tabs Sinopec, Kinross Gold Corp. and Strat Petroleum, LTD. As Stocks To Watch For Q3-Q4 2007!
6/21/2007
Jun 21, 2007 (M2 PRESSWIRE via COMTEX News Network) --
Eurasiaequityreport.com, formerly FINAM U.K., an internet presence for investors seeking information on select companies doing business in Eurasia, announces that they have profiled three companies that they believe have the opportunity for growth for the remainder of 2007. China Petroleum and Chemical Corp (SINOPEC) (NYSE: SNP-ADR), Kinross Gold Corp (NYSE:KGC, TSX: K), and Strat Petroleum, LTD (OTC: SPRL.PK) are primed to grow in the Eurasia region, specifically Russia. Recent news has bolstered our opinion:
SINOPEC
Recently found oil reserves of 1.03 billion to 1.5 billion barrels in the Xinjiang Autonomous Region, according to its parent company, China Petroleum Corp. The find could raise Sinopec's total oil reserves by 15 percent, and its net asset value by about 5 percent, according to Gordon Kwan, an oil analyst at brokerage CLSA. Russian oil executives have recently pledged to develop joint projects with China to pump crude oil in Russia. On February 5 2007, the state-owned oil company Rosneft and the Chinese petrochemical corporation Sinopec held the first meeting of a bilateral coordination committee to discuss crude oil supplies to China via Mongolia, as well as future joint refinery and petrochemical projects. Visit them at www.english.sinopec.com
Kinross Gold Corp.
Kinross was the top performing senior gold equity for 2006 with over $1 billion dollars in sales and maintains a strong balance sheet and a no gold hedging policy. Kinross' gold equivalent production is expected to grow to between 2.1 and 2.2 million gold equivalent ounces in 2008 and 2.6 to 2.7 million gold equivalent ounces in 2009 as the Paracatu expansion, and Kupol and Buckhorn projects are completed and come into full production. Visit them at www.kinross.com
Strat Petroleum, LTD.
Strat Petroleum has entered a little known but potentially very profitable niche: recovering usable oil from sludge ponds. In early 2006, Strat Petroleum set up a joint venture in the Republic of Bashkorstan. They acquired 1,000,000 metric tons of sludge reservoirs with a market value of almost $88 million dollars. Based on current market prices in the Russian Federation, the total reserves Strat Petroleum acquired have the potential to generate over $165 million over the next three to five years. Visit them at www.stratpetroleum.com
Please visit http://www.eurasiaequityreport.com for more complete coverage of these companies.
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