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7 pts

Opinion on  China North East Petroleum Holdings Ltd. (CNEH)
Bullish on CNEH ...

Feb 24, 2008 06:40 PM GMT
Return Risk
+41.59% MID
Analyst

60 cents estimated EPS in 2008, with a forward PE of 3.6. 10 dollar stock with in a year


Update 07/04:

With the recent increase in crude oil prices to $145/barrel, the quarterly EPS for CNEH will be revised upwards to 23c in Q2, 30c in Q3 and 30c in Q4. So, total EPS for 2008 will be around $1. With the stock closing at 4.67 yesterday that represents a 2008 forward P/E of 4.67. So, looking at the current and future growth, this stock is highly undervalued. I'm expecting a 100% increase in PPS in the next 6 months. If market cooperates this should be trading in the teens sametime next year.  


CNEH:  This call was made on 02/24/08 @ $2.13
Rating:   Positive   $2.13 (02/24/08)
Closed:   08/07/2008 @ $4.2 (+97.18% in 165 days)


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Arun   74%     1 point   commented 493 days ago reply

Congrats! You did pretty good on your pick there


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Arun previously rated CNEH
Positive n/a New Seeking Alpha Article by Atticvs Research
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