Strong natural gas prices are going to help this small China player.
Reported strong earnings in the latest reporting period and year-end estimates are going to be outstanding.
Look for this stock to make gradual up-ticks throughout the year.
I have said this before: natural gas is the sector to be in for the next few years - cleaner and cheaper source of energy for the near term (3 to 5 years).
Pick this sector up on any downturns (read profit taking).
The market is recognizing that natural gas demand is going to skyrocket and far exceed the somewhat excess supply that we have now. Do not be surprised when natural gas closes the year near $20. This is a sector that hasn't hit any highs like oil yet has better prospects and is still undervalued.
But don't be greedy, buy and sell at sudden price spikes and buy on any downturns (see above comment).
$5.55 (05/06/08)
