China Natural Gas, Inc. (CHNGQ)

[djmarko1019]

CHNG Long term positive outlook still intact for growth
Recent China stocks pullback creates extra buying opportunity

Company remains positive about continued long term growth Full Year 2010 Giving Guidance of an increase of 20% to 25% in revenue for the full year 2010, which will place their top line growth in the $97.3 million to $101.3 million; bottom line growth looks for an increase of 17% to 22% which would place the bottom line in the range of $22.0 million to $23.0 million. or $1.03 to 1.08 per share for 2010 with $1.70 per share anticipated for 2011

The CEO Reiterated that the brand new liquefied natural gas storage tank will completed by June 30 which will greatly diversify their revenue streams and geographic presence. Liquefied natural gas is becoming one of the worlds most rapidly growing energy industries and CHNG is poised for continued growth. As natural gas demand in China continues to increase so will CHNGs top line revenue growth.
My take is you Average down on this dip and double if not triple your position for the reward over the next 3-6 months.