Max Petrisek

China North East Petroleum Catapults to the Next Level

Just letting you know I'm appreciative of all the details you provide- Thanks again. In due time we will get the stock move you are predicting- double digits!

China North East Petroleum Catapults to the Next Level

Newar, Class job of reporting on NEP. You have covered the essentials as well as showing a good insight as to what "might be!" Thanks. I'm long NEP

China North East Petroleum Holdings: Too Small to Buy or Too Impressive to Ignore?

This stock is really hanging in- What's that? - Just better than most O& G companies. For those that would like to ask questions directly there are 2 good sources: 1.Bill Zima at the information company ICR -see news items for link. 2nd. email management > [e-mail] < . Some are calling the CFO whis ph # iws on the CNEH web site. I have found that athese are good sources for information.

The Long Case for China North East Petroleum

In the long run were all guessing about oil price- that's the driver and with CNEH the phenomenal growth and great outlook! The odds for a winner are great!


On Mar 12 11:44 AM 97m6formula wrote:

> I was wondering what would cause the recent drops in the price. Considering
> all oil has done the past week is gone up, it's weird to see a company
> that profits from it go down without having any bad news. I have
> bought at todays price of 1.87 and also 2.15. I will be longing this
> one, but i'm just wondering if anyone has some insight. Thanks

The Long Case for China North East Petroleum

CNEH is still doing a bit better than other O&G companies. China O&Gs are tracking US O&G companies down with the drop in oil price from the 147 to todays 126, I'm holding a lot of CNEH and pleased with it's outlook. Yes I have added morfe shares in the 4.3 to 4.7 range. Thus I'm very biased. Watch the next earnings report due in about 2 weeks- boom time? The company is unique in many ways. Seeing is beleving! max petrisek wrote:

> CNEH is all about oil- Oil prices skyrocketing to bubble portions.
> Some dday the happy hour will en but not for weeks. Last week I have
> added to my CNEH holdings @ 3.95.

China North East Petroleum Holdings: Too Small to Buy or Too Impressive to Ignore?

Me again- CNEH is still doing well at 4.97. Another competent investor has excellent remarks on CNEH here on SA and the IV aboard. It is Nawaralsaadi. He is heavily invested in CNEH and rightly states: "all CNEH needs is time!" Many other posters are getting aboard and many are estatic about the fundamentals and are ignoring the little short term wiggling of share price. High oil prices and fantastic outlook is the order of the day. We are anxiously awaiting CNEH's move to a big board and more news. The odds are getting better!

China North East Petroleum Holdings: Too Small to Buy or Too Impressive to Ignore?

My only reason for further comments about CNEH is that the stock is still "running" (up.) Today it hit a high of 5.68 with a close of 5.58. The continues spike in oil price of around $143 certainly adds up-ward pressure to CNEH. The over 1 M volume days has been cut to over 500K today and has reduced the rate of the sp rise. With my doing a lot of tracking of this stock one might expect it to be easy for me to make a good projection for future prices. I don't have that urge nor have I become rich from my 50 years of serious investing. I have an invested average value near $3/share so why not take profits if not on all shares just take some off the table. If I owned shares in the 100s of thousands that is what I would do- a no brain-er? But that is not my case as I have reduced my overall investment commitments with age. Having seen a high % of small Chinese stocks run up and then falter badly gives many folks a reason for taking profits. I'm a believer in this stocks long term future as it's tied to the price of oil - so I'm letting it run.

The Long Case for China North East Petroleum

CNEH is all about oil- Oil prices skyrocketing to bubble portions. Some dday the happy hour will en but not for weeks. Last week I have added to my CNEH holdings @ 3.95.

China North East Petroleum Holdings: Too Small to Buy or Too Impressive to Ignore?

A lot has happened to CNEH since my last post in April '08. The big story is today's share price @ $4.67 has broken it's all time previous high of $4.55 with a high volume of 803,000. These are the likely fundamental reasons: the companies financials continue gaining at steady phenomenal rate - real growth. The company seems to be nearing a listing on a major US exchange (Have U heard this listing story before?) , management will do a USA conference presentation in July, they have a new reasonable website with a fantastic looking fact sheet, oil prices are up and they sell 100% to PTR at listed price on Shanghai exchange- no sales cost or account receivables (AC) and other positives as successful financing to drill 100 additional wells & acquisition of more reserves, etc. The company has 75,000,000bbl proven reserves. The management is experienced & supported by PTR who has a vested interest. Some here have said it all sounds too good to be true- that drives some crazy and others just take profits, or go with the flow? To myself the negatives always remain PRC decisions which can cut both ways and volatility of this class of stocks. Likely the PRC high excess oil tax may be reduced to encourage more desired domestic production??? My continual positive message remains even with the Chinese & US stock markets in a bear mode. Folks want to invest in a winner! About a week ago I doubled my exposure @ 3.95, so I've paced my bet. Other comments here about not putting everything into CNEH is certainly always valid. Just go to Yahoo, Google and the Investors Village (IV) message board for DD. 2 suggested outstanding posters on the IV board are Northern---, & Pappytom. I am biased positive until the fundamentals change negative and not dependent on technical analysis or short term corrections. I have been a holder for several years and haven't sold any for about a year.

China North East Petroleum Holdings: Too Small to Buy or Too Impressive to Ignore?

An update and + & minuses for CNEH. Since my original posting (Sept'07) Chinese stocks and CNEH on average have boomed and then corrected about 30 to 40 %. Many Chinese stocks corrected 50 to 80% since Oct.'07. CNEH went to a high of $4.55 to a low a month ago of about $1.68. Yesterday the stock hit a high of $3.2 so this is drastic numbers. Where to now- As a shareholder I'm convinced its up, I have held since 9'07.. The Q reports are all outstanding, successful financing of about $30 million without much dilutions, adding new producing wells at near a 100/year thus more reserves & profits soaring with oil @ $114/bbl. The possible negatives of favorable oil prices is the old fact that PRC may alter pricing at will and kill the goose that is laying golden eggs. The energy situation( shortages) will cause Gov. intervention which may be worse than the present 40% tax on CNEH (due to high oil prices.) It's just the PRC unknown but if left alone CNEH with greater output, big cash flow will move up to closer to $10 than the 1.68 low of the past month. I believe the odds are greater than 5:1 that CNEH is on a up move AGAIN! Both Motley Fools and Seeking alpha have also issued realistic very positive predictions of the above. The TA is not the critical matrix it's fundamentals and PRC.

The Long Case for China North East Petroleum

I've been following CNEH for a few years. The article is impressive and should be reassuring for shareholders. I'm biased & I'm accumulating here.

China North East Petroleum Holdings: Too Small to Buy or Too Impressive to Ignore?

My positive evaluation remain high as previous very positive comment and my opinion is steadily improving . These many positives need no further detailing as the top management group continues to meet optimistic guidance. A few normal drawbacks usually occur when a stock rises about 800% since Aug '07 and that is stock valuation. From a high of 4.4 to recent trading of 3.0 to 3.7 is disconcerting to many. Those that profited also ponder how much profits to take off the table. My conclusion is that short term guessing is not helpful but realistic gains can & will continue for the longer term of months or a year. Yes I am holding and will add on any dips below 3.0. The overall market weakness & concern of greater risk for a leaky bubble in China are possibilities. The odds greatly favor this great outlook will continue to reward the shareholders.

China North East Petroleum Holdings: Too Small to Buy or Too Impressive to Ignore?

For most the visibility or frequent PR is minimal for this type of stock. Yet having said that, there was a very favorable preliminary 3Q report. The year over year growth in hundreds % . More important was the favorable guidance by the Co. both on expanding the number of wells and the increased efficiency of extracting through newer high technology methods. Better extraction should drop to the bottom line as well as improve depletion or reserves. The stock got about a 252% boost to $4.55 then gave up most of that in a few days. Much Investor Village board chatter is about pros and cons of the needed and ongoing financing. The consensus opinion when the financing is concluded the stock will run-up. Maybe so but the 3rd Q report is sure to give the stock favorable support. I am heavly weighted in this stock and find little significant negatives. The present price of oil continues to be a positive and the Chinese needs for energy are tremendous. Chinese Gov. is not bashful about their energy needs and has been supportive of locals including tax reduction and processing of approvals for expansion where involved. PTR the buyer of CHEN's oil is a mamouth Chinese Co. that has had stock appreciations well over 100% yearly with revenues and profits to support the stock valuation. One should be aware of the low float of ~ 3m.

China North East Petroleum Holdings: Too Small to Buy or Too Impressive to Ignore?

Right story wrong ploace.

China North East Petroleum Holdings: Too Small to Buy or Too Impressive to Ignore?

With CHNG on 10/05 at an all time high of about 8.46 it is time to wrap-up this story for now. I'm closing the book with the same enthusiasm as I had when several months ago it hit 1.7, a new high. Yes I will continue to hold shares. Selling at an optimum time is the toughest investment decision. Good luck an thanks CHNG!