3 Chinese Hi Growth: ONP, CBEH, NEP
ONP - Paper
CBEH - Alternative energy fueling stations
NEP - OIL & Drilling (Its down from High $11's to Mid $10) Time to restart adding positions. Why?
Put it this way, NEP guided that it well expand its producing wells by drilling another 60-70 wells in 2010.
Then you have its drilling division which it just acquired and just last month got a contract to drill another 30 wells for PetroChina.
2010 is already starting up like GangBusters for China Northeast Petro. (NEP)
Jobs dissappointed which means dollar going down, no rate increase anytime soon.
Very Bullish for energy prices..