Longwei Petroleum - LPIH

Longwei Petroleum (LPIH)
Coverage: May 28, 2010 - May 28, 2011
Featured: May 28, 2010

Longwei is an oil and gas operation. The company stores, transports, and sells finished petroleum products. It purchases finished product from refineries and moves to its large scale storage facilities. There's no reason why the company, based on its track record, shouldn't be able to deliver $.71 in EPS non GAAP, and I cant see this stock trading at less than $5 in any sort of rational market.

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Thu, Oct 14, 2010 @ 07:10 am
Finally!!!!!! Finally: ultimately as the end result of a succession or process Finally: After a week of testing, retesting, writing, rewriting, testing, and testing again, we're finally ready to roll out the new service. This is something my partners and I decided to do about one year ago. We put it...
Sat, Oct 9, 2010 @ 07:10 am
Here's a quick update on the new service devoted entirely to China based companies with US listings. First of all, it's been a great week for China stocks- the breakouts are finally showing up on the charts. There's still plenty of time on the less liquid ideas, but some of the stocks that trade higher...
Sat, Oct 2, 2010 @ 11:10 am
Finally, I'm Nearly Ready On Friday morning, October 1st, it became official. I started my new service. As many of you are aware, I have decided to branch off in new directions. I am launching a subscription based newsletter devoted to investing in China based companies with US listings. On Friday morning...
Wed, Sep 29, 2010 @ 01:09 pm
I don't know if it's because of the two recent Red Hot China IPOs, or if it's just time. Whatever it is, the China space is starting to perk up again, and as the larger cap stocks start moving away, the smaller ones will pick up the pace right behind them. Two of my top 10 picks have started to gain...
Wed, Sep 8, 2010 @ 10:09 am
And Yes- There's Video I have faith. I have faith that the market's aversion to equities is going to evolve back to normal throughout the remainder of this year, and valuations will become far more reasonable. Currently, the largest disconnect between corporate performance and stock prices I've ever...

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Quote Data

Last Trade: Bid: 0.0000
Last Size: 0 Ask: 0.0000
Trade Time: Bid x Ask Size:
Change: +0.0000 (+0.00%) Day's Range: 0.00 - 0.00
Prev Close: 0.0000 52wk Range: 0.00 - 0.00
Open: 0.0000 P/E (ttm):
Volume: 0 EPS (ttm):
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Business Summary

Longwei Petroleum Investment Holding, Limited (the "Company") is an energy company that, through its subsidiaries, engages in oil and gas operations in the People's Republic of China ("PRC"). Oil and gas operations consist of transporting, marketing and selling finished petroleum products. The Company's headquarters and primary facilities are located in Taiyuan City, Shanxi Province ("Shanxi"). The Company's second facility is located in Gujiao, Shanxi. The Company purchases diesel, gasoline, fuel oil and kerosene (the "Products") from various petroleum refineries in the PRC. The Company is 1 of 3 licensed intermediaries in Taiyuan City and the sole licensed intermediary in Gujiao that operates its own large scale storage tanks. The Company has the necessary licenses to operate and sell Products not only in Shanxi but throughout the entire PRC. The Company's storage tanks have the largest storage capacity of any non-government operated entity in Shanxi. The Company seeks to earn profits by selling its Products at competitive prices to large-scale gas stations, coal plants, other power-supply customers and small, independent gas stations. The Company also earns revenue by acting as a purchasing agent for other intermediaries in Shanxi and through the sale of diesel and gasoline at gas stations located at each of the Company's facilities. The sales price and the cost basis of the Company's products are largely dependent on regulations and price control measures instituted and controlled by the PRC government as well as the price of crude oil. The price of crude oil is subject to fluctuation due to a variety of factors, all of which are beyond the Company's control.



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