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China North East Petroleum Holdings Limited (CNEP) [hlAlert]

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.
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( Total: 3 Current Stock Recommendations )
China North East Petroleum Holdings Limited   (3)
Hold 33% Buy 67%
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Show  

Date (ET)MemberRatingYTD
Gains
 
12/2/2010  
Buy
  
6/10/2011  
Buy
  
8/12/2011  
Hold
  

* As of 8/27/2015 12:00 AM
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