Longwei Petroleum (fka LPIH)

[faxedreceipts]

Excellent recap. One thing missing though. Toup talked about how the Chinese Government is promoting "consolidation" within the energy sector and alluded to future purchases of additional storage facilities. LPH is the whale among resellers of finished oil products and it makes sense that it will become a much bigger company as the consolidation plays out.

One other great point, the two new customers were acquired because of the shortage that's going on in China. LPH, for the last 17 years, has excellent relationships with the oil refiners and aquired the new customers because the competition didn't have the product. LPH's storage capacity is second to non.