Longwei Petroleum (fka LPIH)

[rru2s]

I added more shares - couldn't resist at this price and being so close to uplisting. The forward P/E being in the 3s, which is ridiculously priced for such a high demand product in China. Once the uplisting happens and oil gets back to "normal", which it undoubtedly will this year, we are talking about tripling the current share price just to place LPIH back into the P/E range considered typical for china oil and gas microcaps when the markets are not undergoing correction.

LPIH is selling into an entirely domestic customer demand that is increasing at a good clip in China, so it's valuation really shouldn't correlate with the overall china market correction and US market correction due to Greece, but yet because of sentiment it does. Therefore, this month's market correction makes LPIH an even better value, basically a steal at this price.