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China Bio Energy (NASDAQ:CBEH) Shares Gaining Momentum

|Includes:China Integrated Energy, Inc. (CBEH), CNEP

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

Why?

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.

China North East Petroleum Holdings (AMEX:NEP) is another company that some investors have speculated will also benefit from higher oil prices.

Disclosure: Long CBEH

Stocks: CBEH, CNEP