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Nextera Energy Partners LP (NEP) [hlAlert]

Rating:
Buy NEP
down 97.08 %

TheStreet 13 Stock Picks for 2011: China North East Petroleum(NEP)

Posted on: Sunday,  Dec 12, 2010  10:23 PM ET by TheStreet: 13 Stock Picks for 2011

TheStreet: 13 Stock Picks for 2011 rated Buy China North East Petroleum Holdings Limited (OTCBB: CNEP) on 12/02/2010, when the stock price
was $6.18. Since then, China North East Petroleum Holdings Limited has lost 97.09% as of 04/03/2013's recent price of $0.18.
If you would have followed this TheStreet: 13 Stock Picks for 2011's recommendation on CNEP, you would have lost 97.08% of your investment in 853 days.

China North East Petroleum Holdings Limited (CNEH), incorporated on August 20, 1999, is engaged the exploration and production of crude oil in Northern China. As of December 31, 2008, the Company operated 247 producing wells located in four oilfields in Northern China. The Company have an arrangement with the Jilin Refinery of PetroChina Group to sell the crude oil production for use in the China marketplace. The Company, through two of its subsidiaries Song Yuan City Yu Qiao Oil and Gas Development Ltd. Corp. (Yu Qiao) and Longde Oil and Gas Development Co. Limited (LongDe) have entered into binding sales agreements with the PetroChina Group, whereby it sells the crude oil production for use in the China marketplace. In October 2009, the Company acquired Song Yuan Tiancheng Drilling Engineering Co. Ltd.

Glen Bradford believes that knowing where the best deals in the world is something of value. A small, highly intelligent investor community that I am privileged to be a part of puts together an index of what we consider to be the most undervalued companies in the world. It's no surprise to me that these don't get media attention because the best opportunities in the world are never "well known" at the time that they are the "most valuable."
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(*) Stock Price at the time of the recommendation.
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