Eurasiaequityreport.com: Eurasiaequityreport.com Tabs Sinopec, Kinross Gold Corp. and Strat Petroleum, LTD. As Stocks To Watch For Q3-Q4 2007!
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Thu Jun 21 11:24:13 2007 EDT
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) 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 www.eurasiaequityreport.com for more complete coverage of
these companies.
AI
