China Natural Gas, Inc. (CHNGQ)

[dickmilde]

Like I said I don't have a position.

I'm just looking at the 10Q at the SEC web site...

Net earnings for the Q are .29 per share vs .35 per share last year.

Also, from the Q report:

We are a distributor of compressed natural gas ("CNG") in China.. As of September 30, 2009, we operated 24 CNG fueling stations in Shaanxi province and 12 CNG fueling stations in Henan province. We own our CNG fueling stations while we lease the land upon which our CNG fueling stations operate. For the three and nine months ended September 30, 2009, we sold CNG of 40,420,123 and 120,866,756 cubic meters respectively through our fueling stations, compared to 40,547,584 and 107,226,877 cubic meters for the three and nine months ended September 30, 2008.

I haven't looked at the details but it seems that the amount of NG sold at their filling stations is declining rapidly... I thought this was the main reason for owning this stock... The transformation of China's auto industry changing from liquid fuels to compressed natural gas.

Dick Milde