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I stand corrected.
I'd like to point out that NEP was not halted at the request of the SEC but was halted at their own request while they conducted an investigation. The result of the investigation turned up no problems.
Because NEP sells all of their current production to Petrochina, you can feel confident investing your money here. There is no way a company the size and scope of Petrochina would damage their own reputation by misreporting what they purchase from NEP.
It's for this reason NEP and CHDP are the safest china plays out their IMO.
It's hard to say exactly because the company hasn't told us yet. Last year they filed on Feb 22nd.
I hold shares of IGC. If their plan comes together the way the company anticipates it to, IGC should skyrocket. Earnings will tell us whether or not this happens.
If you want to buy in, do it before earnings knowing its speculative. If the numbers come out the way I think they will, it'll be too late to get in after.
It's not going to stop! It has no reason to. Very few traders in this stock, mostly long term investors who bought in back when NEP was $10.00 a share.
I think this all has to do with the Seeking Alpha article last week. People are finally discovering this gem. Even now, at $3.02 a share, it's trading at a PE of just 2.72. And how about a company with a $106 million market cap and $88 million in cash!
There's a good reason NEP is the biggest holding in my portfolio.
There was a Seeking Alpha article that came out last week. It's brought some much needed attention to NEP.
Resist the urge to take NEP profits! There's a very tight float and we've got a few more dollars to go!
I'm expecting guidance to far surpass even my wildest hopes. Remember the article on seeking alpha that detailed anticipated numbers and used $80 oil? We've had $100+ oil ever since and on top of that, the chinese government lowered taxes on oil sales.
NEP is going to be a billion dollar company in no time IMO.
NEP - looks like its setting up a run to $7.00 after earnings in March. Buy and hold folks.
Can anyone provide me with some of the key notes from the CC on Friday?
This is just the beginning for NEP. If everyone in your Paltalk room holds their shares instead of flipping for the quick buck, I'd be willing to bet this thing would explode on Monday. The float is really tight here.
The price action is a joke. The stock is now trading below where it was before a solid earnings report and update.
I'm in for more shares....
That article is spot on. NEP is the most attractive investment I have ever seen and it is this number one position in my portfolio.
CPSL...posted a loss in the 1st Q and they have a pretty good size debt load. I'd stay away from this one.
NEP is my top play in the space if your time horizon is more than a month. I'm planning to retire when it hits $100 a share in 2025.
I sold CBEH for the tax loss at the end of 2011. The company was booted from Nasdaq and replaced a top auditor, KPMG. Those can't be good signs.
My money is better invested in names like NEP, LPH, XIN, and my new favorite, CHDP.
In case anyone missed the LPH earnings report, let me sum it up for you in two words; "Thumbs up!"
Part of being a contributor on this board, I feel it should be my duty to introduce everyone to a new China play, IGC. IGC used to be an Indian company until merging with a larger chinese counterpart now making it a topic for this board.
I strongly suggest doing your own DD on this company. I'm already invested. The stock is up almost 20% this morning on news and heavy volume but with such a tight float, I expect it to skyrocket shortly.
I'd say NEP is going to be the best chinese stock to own over the next 2-3 years.
Considering they have more cash on the balance sheet than the market cap of the company I see very little downside.
Buying SOHU & CYOU today. Way oversold after what really wasn't a terrible earnings report.
If you're looking to add to your position, I would certainly do it before earnings. I think once earnings are out, NEP will take off quickly.
If you're not in on VVUS yet your time is running out. Qnexa could be the biggest blockbuster drug of our lifetime. I'd challenge you to find one person who is overweight that wouldn't want to use Qnexa to loose a few pounds.
Should be around the 2nd to 3rd week of March i think. Last year was March 16th.
one of my favorite companies. Love the cash they have on the balance sheet and the dividend they pay (around 4.1% at today's stock price.
I believe it was 20% for the first 10 years of their lease but this month raises to 40% for the next 10 years. Not a good thing but additional drilling of 30 wells this year will increase output that should offset this. I expect this deal to be renegotiated in the future.
Once there is cash in the coffer I'll expect CHDP to do just what NEP is doing. Buy new oil fields on your own without needed Petrochina's help.
Long term, I think Petrochina will wind up buying both of these companies.
China Daqing sells all the crude oil the Company extracts to PetroChina Jilin Oilfield Company, which is a subsidiary of PetroChina Group, the largest crude oil supplier in China .
I'm hanging on tight. I feel a big ride coming....I hope
If people want to talk about not having faith in China Small Caps, CHDP is a name you can trust. That's because Petrochina would never let a company use their name in public without the information being factual.
I think CHDP could most easily be compared to NEP a few years ago. That's why I own shares in both.
I expect this quarters results to almost mirror last quarter with slightly increased drilling revenue. Should be another solid with more cash added to the balance sheet.
Anyone still around? Looks like GHII is waking up!
There are very very few shareholders in this stock and I can't imagine any willing to sell any real amount of shares at these levels. I think $1.03 is the current ask and if that can be picked off I believe the next move is around $1.60.
Way off most people's radar, GHII.OB is busting a move this week. This is an extremely thinly traded stock that once traded at $110 a share before the financial crisis. It's hard to believe you can now pick up shares for a buck when nothing has really changed at the company.
I'm holding some shares also. Very low float and CBP should explode with these results. Did you see next years forecast? They're looking at about $0.87 a share for EPS and the stock is only trading at $0.87! Almost half of the market cap is cash on the balance sheet with no debt.
I may have to add to my position in the morning. These numbers are too impressive to ignore.
LLEN - let's not forget that the Chinese government is forcing these mines to consolidate. If you read LLEN's last earnings release you'll see how they're planning on addressing the consolidations.
Being that many of us see LLEN as being a much more highly valued stock than it is today and being that LLEN doesn't want to use more cash for consolidations than it has to (since they're going to have a few deals to do), this all-stock arrangement comes as no surprise to me.
And why would the mine owner take a smaller payment now? One, because he doesn't have a choice. He needs to give up 51% ownership to satisfy the government. And two, he sees LLEN stock and being more valuable in the future.
I'd say this is a fairly significant development. L&L is paying for the acquisition with shares but using a conversion that is more than double Friday's closing price!
I'm buying L&L this morning.
Burp are you buying NEP on this weeks pullback?
I picked up a few more shares yesterday. If it goes under $0.30 I'll pick up more.
I think by next quarter we can call Apple a "china play." Their sales in China will probably be greater than all the small cap china names sales combined.
Sell everything and buy Apple. You can't lose