China Bio Energy (NASDAQ:CBEH) shares are rising today, approaching a 52-week high. The GeoTeam® coded the stock as a GeoSpecial on June 1, 2009 ($4.25). We are speculating that it is quite possible that the company may be able to exceed its previously stated guidance.
The company announced its 2009 business outlook at a time when oil prices were much lower than current levels. China Bio Energy manufactures biodiesel, a commodity with pricing that should move in concert with oil.