SinoEnergy

What do you think of the near term and long term prospects of Sinoenergy? Do you have any estimates of their net income for the remainder of 2008 and 2009? Any idea about how that would effect its PPS. TIA

Near term I think their earnings start to come on strong and this growth should continue far into the future. A friend of mine told me that on a recent trip to visit the companies facilities that there was a line of cabs (taxis are the biggest users of CNG in China currently) about 2 miles long. I believe this because when I was last in China about 2 1/2 years ago I saw a similar line of taxis waiting to fill up at another city in northern China. as far as estimates go I prefer to keep those to myself because I don't like coming across as promotional but recently Westminster Securities published a report with a 1 year $9 price target. I think they are being conservative. Get a hold of that research report and we will discuss estimates further.