CHCG's competitors are not difficult to determine as you stated. However it is keen competition and low margins that is CHCG's nemesis. Their optimistic predictions are difficult to believe. The private placement creates more doubts about stock valuation. This stock got hit!
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There is real reasons for doubts about this company that is weeks late filing 10Q report without comments. Also its PR company said they broke off relations with CXTI since it would not communicate with them either.- What gives. One sure thing is that these antics is enough reason to drop share price from near $8.0 to 0.58 today within the past month The message boards are going ballistic !. Wow!!
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This ipost is to look at the negatives of CNEH. Other than the cliche of "too far to fast" (About up 6 fold in ~ a week) there are items one can ponder. PE of 26 is high for an energy company even in China, The consistency and reliability of predictions or guidance of many small cap Chinese companies varies drastically, This is a 58 million cap with a low float of 4 million. There are many entwined arrangements with others Cos. including the dominance of the government in fixing prices and control over many company business decisions. One would be fair to say it is difficult for most Americans to understand or accept the Communist/socialist form of government. At least it doesn't help visibility for American eyes. Volatility as a change of .5 to a peak of 3.5 in about a week may be scary or an opportunity but it adds to difficult investing decisions. Some of the matrix for energy stocks as reserves, depletion rate etc are not clear to me. So I'm still impressed and overall positive but I have not bought into the powerful up move. It is not my intent or ability to make a future call mostly because it is a small cap Chinese volatile stock. I would only add to the confusion to relay what the open message boards are forcasting. Any additional comments by myself will be limited as this site does not get many that comment on these articles.
Both CHNG & SNEN are great. The comparisons are interesting but the advantages of one over the other are not great. The biggest advantage of SNEN may be it's new move into owning CNG filling stations, diversity and more grandiose future plans yet it is less proven?. . CHNG's advantage is being more experience in operating stations and the cash cow of NG users in commercial & residential from its pipeline. Too many investors that only own one Co. are bashers of the other Co- NUTS!
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An excellent recap of statistics and analysis of the "big CXTI" 67 % crash. Your right, the selling by large holders as hedge funds coupled with poor visibility for COO & CFO leaving caused major uncertainty. There were not enough of buying to absorb the above aggressive big sellers. There comes a valuation point where longs will stop selling regardless of what price they got in. Paper losses are not irrelevant. I'm holding until the next report comes out to clarify current status and outlook.
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It may be too early to fully understand the details of the private palcement. From what was published it appears management did not get a good price or just did a lousy deal. The reaction to the placement wasn't too unusual if preceived to be a bad deal. I am surprised by the quick 2 day recovery to todays close of 6.18. That recovery was from a low of about 4.5? or about 36% from the low. Since I accumulated below 5$ I was pleased about the gain but not pleased that I don't have a grasp of what is occurring.
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