China Growth Stocks

[GorillaGorilla]

NEP - I've argued somewhat on this point... If you take the base EPS for 2010 your missing the point of the switch over from 20% take off to 40% takeoff in 2012.

That said the drilling was a godsend... Given the management numbers from the drilling... I reckon the stocks worth more like $8. However, given that the winter is the time to drill (summer is too wet) and that they are buying a new rig.. I think they are being cautious on their numbers..

They did 19 Million in rev from driling in Q3 that includes July and August... and they think they'll hit $13 million this quarter... sounds low ball. If they do nearer the 19 million then it's a $10 stock, for me.

If they get a new lease with 20% takeoff for the next 10 years... then NEP is off to the races. Personally, I think they will do some deal or other, it's such a dynamic area and they are so well managed and connected.

rich