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Longwei Petroleum (LPH +6.2%) spikes to a new 52-week high after the company says it's commenced...

Longwei Petroleum (LPH +6.2%) spikes to a new 52-week high after the company says it's commenced operations at its Huajie fuel storage depot in northern Shanxi Province. The company received its first shipment of petroleum to the new Huajie facility last week and began selling to customers on October 11.
Comments (2)
  • doomonyou
    , contributor
    Comments (90) | Send Message
     
    And once Huajie is fully ramped up LPH at this price is likely still around a forward PE of 2 and a trailing of 3 and change...
    16 Oct 2012, 03:15 PM Reply Like
  • Giovanni di Maggio
    , contributor
    Comments (47) | Send Message
     
    Good luck to all shorts. Well, not really.
    16 Oct 2012, 04:22 PM Reply Like
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