China Natural Gas, Inc. (NASDAQ:CHNG)

Tracking portfolio for China based companies that gained listings on US exchanges (Nasdaq, NYSE, or Amex) after conducting reverse mergers. Stocks that have been delisted have been omitted. Start date: Jun 24, average P/E of these companies: 3.

This is a tracking portfolio of all CAPS-ratable tickers in the Chinese RTO/SPAC space (i.e., companies that listed without filing an IPO).

China Natural Gas, Inc. went public via a reverse merger in 2005. The company is based in China.

OIl & Gas will be short + CHNG looks undervaled - even with all the management troubles -

Hmmm. I'll go green thumb for two years. I still wouldn't put real money in this stock. If you wanna invest in China, there are much better options. Same with natural gas...

CHNG announced that they would be restating the 4th Quarter and 1st Quarter results over restricted bond holdings. It shouldn't affect earnings but it could cause other problems with their investors. I posed some ethical questions with the financial reporting in the January 19th issue when the CFO resigned and at that point we sold half our holdings at twice the price at which the stock is exchanged today. In an interview I had with the company's public relations company Red Chip, they denied that wrongdoing was involved with the CFO's resignation. But, I seem to have been on the right track. Usually when a CFO resigns without being discovered, the reason is because ethical pressure is coming from above. I expect that the company knew this would eventually be discovered. This likely motivated the hiring of Red Chip to run public relations and reduce the fall-out. Last week, they eventually came clean on these accounting issues. The company needs a shake-up of leadership and I hope this will be the catalyst. The company has some valuable operations that should eventually be reflected in the stock price. So, a minimum amount of investment in the company is warranted. We won't be selling but also I will not advocate picking up any more. The Street chooses CHNG as a top energy pick in China. However, the information presented in the article doesn't project that they are any closer to the company than we are, so their knowledge is also limited.

Undervalued

Too Cheap! I'll submit CHNG here in caps and keep an eye on it.

RCJ

CHNG has a ridiculous P/E ratio, plus it's volitile. This is a short-term trader's dream!

Has "China" and "Natural Gas" in the name. I like my chances with either so with both, I'm in.

Good growth and future earnings.

Natural gas play

A few mediocre quarters and people will sell off. Now is a great time to get into this stock. Look at its financials, its ratios, plans for development, and go to Redchip.com and listen to their CEO talk about their company. This company is growing. It still has to get its internal controls in order, that's what the material weaknesses and significant deficiencies are talking about in the reports, but they still have six months to address the weaknesses then it'll be clean for the annual. Anyways, might go down to 5 in short term, but the upside is there for it to skyrocket.

Natural gas will be huge in China and this company is small, but will continue to benefit from the overall trend. Their commitment to bringing on liquified natural gas transport and distribution assets will be a key to long term success.

I think this stock will outperform. The chinese who obviously
<br />&lt;br /&gt;have brilliant engineers will probably adapt to lng or ng faster
<br />&lt;br /&gt;than ourselves.
<br />&lt;br /&gt; However due to the relative lower btu rate for lng and ng
<br />&lt;br /&gt;they would do well to consider not changing their diesel applications.
<br />&lt;br /&gt; Diesel is the most efficient means of moving large privately
<br />&lt;br /&gt;owned equipment.
<br />&lt;br /&gt; Attention US and China,stick with lightweight applications
<br />&lt;br /&gt;not choo choo trains.
<br />&lt;br /&gt;
<br />&lt;br /&gt;

Accounting scandal (or rumors thereof) will keep a lid on the stock price.

steadily increasing earnings

NATURAL GAS FOR CARS I LIKE

I just like the looks of this one.