China Natural Gas, Inc. (NASDAQ:CHNG)
The Company distributes and sells natural gas to commercial, industrial and residential customers in the Xian area, including Lantian County and the Lintong and Baqiao Districts, of Shaanxi province of The Peoples' Republic of China.
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Cheaper than crude and much of China's mass transit uses Nat. gas.
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Shareholders got screwed on the private placement. I wrote this to Ashley.MacFarlane@icrinc.com at CHNG's investor relations.
Ms. MacFarlane,
I am a stockholder in CHNG. How can you agree to sell shares at $3.60 in the private placement when four days ago the current price was over $8.00. I can understand raising capital by issuing additional shares but why at such a low price? On top of that you issued five year warrants exercisable at $7.79 per share! Why not issue debt? Your current ratio is over 5 and you don't even have long term debt. Your company and the current shareholders got screwed on this deal.
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alternative energy will become big, and I think natural gas will become big, especially in a rapidly developing country with 1 billion people. Also this is cheap right now, I'd expect increases during seasonal changes.
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Monopoly and sound management
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Up, up and away!
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Winter is around the corner, demand will increase
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will hit $10 by end of the year and listing on major stock exchange by end of 08 at the latest for all the reasons written over and over by other bulls - this is a no brainer
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Is there a downside?
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with the chinese population and energy demands, this stock is in prime position to take off
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The only way this stock is going down is if China just gives away 1/3 of their natural gas. Theire search for energy altenratives also helps this one out alot.
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Population booming, upcoming olympics and no competition......has nowhere to go but up!!!!
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gas man gas!!!11
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Demand for energy is Chinca is increasing exponentially. Also, China has about 1/3 of the world's natural gas reserves.
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I was going to buy this at 3..its now doubled to over 6 in 10 weeks...bought icad instead which went up about .50...big ooops
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They are making money and growing at a fast rate! There is a need for this resource and a growing market.
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Everyone loves gas, right?
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When in Rome....Opps, I mean China. Hey not only are these guys numero uno in the population department but they also have the second best economy in the world. These 2 facts with the topper of possibly having a gov't sanctioned monopoly equals out to be a pretty good equation for some serious moneyfication (new word I own it) So get it while it's hot.
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great spec
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I think with the upturn in growth in China stocks that we have a little ways to go especially in areas of oil and gas.
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I see this going toward a 10 easily as the Chinese need lots and lots of energy to keep up with their production.
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