Seeking Alpha

Longwei Petroleum (LPH +14.2%) hits a 52-week high after announcing the expiration of more than...

Longwei Petroleum (LPH +14.2%) hits a 52-week high after announcing the expiration of more than 10.6M warrants associated with its Oct. 29 private placement financing. LPH now has no warrants or stock options outstanding in its capital structure. LPH also projects FY 2013 revenue growth of ~26% Y/Y to $646M and net income growth of ~24% Y/Y to $77M.
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