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45 Comments
Sterlite Industries India: A Steal At Present Prices
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intlgold.com
When Will the Juniors Miners' Moment to Glitter Arrive?
Louis James on Why the Big Gold and Silver Spike Will Be Even Bigger This Time
In its start up phase but has two properties that companies like newmont might get interested in.
The Long Case for Sinoenergy
Four Chinese Stock Picks: It Ain't Over Yet
The Long Case for Sinoenergy
Clarifies Mistaken Change to Trading Symbol
BEIJING, Nov. 26 /Xinhua-PRNewswire-Fir... -- Sinoenergy Corporation (OTC Bulletin Board: SNEN), a manufacturer of compressed natural gas (CNG) vehicle and gas station equipment and a designer, developer and operator of CNG filling stations in China, has announced that the Company expects to benefit from the recent increase in natural gas retail prices for vehicle users.
On November 8, 2007, the National Development and Reform Commission in China raised ex-factory natural gas prices for industrial users. However, this price increase does not apply to the wholesale price for CNG for vehicles use, fertilizer manufacture use or residential use. Moreover, the NDRC reiterated that since CNG-powered vehicles have a positive impact on the urban environment, they should have priority in using natural gas.
To encourage the use of CNG-powered vehicles, the National Development and Reform Commission in China recently requested that provincial municipalities increased local CNG retail prices so that they fall between 60% and 75% of the local price for 90 octane gasoline. The adjusted price shall not less than 75% of the price movement of 90 octane gasoline finally. Sinoenergy believes that this policy will improve the profitability for CNG filling station operators and therefore encourage greater investment in the sector.
As a result of the new policies, Hubei province's municipal government recently raised the retail price for CNG to vehicle users from 40 cents to 45 cents per cubic meter in Hubei province, while at the same time allowing major cities the flexibility to adjust the retail price of CNG used for vehicles in order to promote CNG supply and encourage the use of CNG-powered vehicles in local markets. Wuhan, the capital of Hubei province, where Sinoenergy has two CNG filling stations in operation, implemented this policy on November 19th. The two stations now are selling CNG to vehicles at 45 cent per cubic meter. Sinoenergy's management estimates that the increase in the retail price could increase the annualized net income of CNG filling stations. To a CNG filling station selling 10,000 cubic meters of CNG per day, it is expected to add net income of $73,000 per year.
'We are pleased to see the Chinese government's strong support for CNG vehicles. As a result of these policies, our purchase price for CNG currently remains unchanged, while we have benefited from increasing retail prices at which we sell CNG to vehicle users,' said Mr. Bo Huang, CEO of Sinoenergy Corporation. 'We believe the raising retail price for vehicles will aid in encouraging the development of a CNG filling station network throughout mainland China. And we remain confident that our business model will support improving revenues and profitability as Sinoenergy's new stations comes on line.'
The price at which Sinoenergy purchases and sells CNG are both subject to price controls.
Trading Symbol Corrected
The Company also reported that its trading symbol had been mistakenly changed from SNEN to SNENE for two days this week due to a clerical error by NASDAQ. As previously reported and disclosed in an 8-K filing, Sinoenergy changed its fiscal year to end on Sept 30th and therefore is required to report its audited financial results for the period ended September 30th, 2007 by December 31, 2007. The Company was not delinquent in its filing obligations and NASDAQ has subsequently corrected its error in changing the trading symbol.
The Long Case for Sinoenergy
QINGDAO, China, Nov. 6 /Xinhua-PRNewswire-Fir... -- Sinoenergy Corporation (OTC Bulletin Board: SNEN - News), ("Sinoenergy"... or the "Company"), a manufacturer of compressed natural gas (CNG) vehicle equipment and CNG station equipment as well as an operator of CNG stations in China, announced today that Sinogas, a wholly-owned subsidiary of Sinoenergy, has received two significant orders from two natural gas transport companies for 90 natural gas transport trailers. The company also indicated that it can now successfully purchase large seamless steel bottles, a key component to manufacture all transport trailers, from Chinese providers.
"The two orders will greatly enhance our trailer sales volume and our ability to manufacture our own trailer storage cylinders. This will also reduce trailer manufacturing costs, thereby leading to increased profitability, while at the same time adding to our competitive presence in the marketplace," Mr. Bo Huang, CEO of Sinoenergy, said. "In addition, this order will significantly add to both our sales revenue and operating income during the fourth quarter," Mr. Bo Huang said.
The two orders from Wuhan Green Energy Transport Co. Ltd. and Xuancheng Anjie Natural Gas Transport Co. Ltd. on October 15 and November 1, respectively, are considered a significant breakthrough in the production and sale of CNG equipment. Pursuant to the terms of agreements, Sinoenergy will supply 40 gas transportation trailers to Wuhan Green Energy Transport and 50 to Xuancheng Anjie Natural Gas Transport. The agreements call for 45 trailers to be delivered during the fourth quarter of 2007 and the remaining 45 to be delivered during the first quarter of 2008.
With the sales volume of trailers in Sinogas fluctuating between 20 to 25 CNG transport trailers during each of the past five quarters, these recent orders represent a substantial increase in overall demand. Furthermore, with the core material of the CNG trailer now being manufactured domestically, in cooperation with domestic steel and iron companies, Sinoenergy can now realize a 20% reduction in the manufacturing costs.
About Sinoenergy:
Sinoenergy is a manufacturer of compressed natural gas (CNG) vehicle and gas station equipment as well as an operator of CNG filling stations in China. In addition to its CNG related products, the Company also manufactures a wide variety of pressure containers for use in different industries, including the design and manufacture of various types of pressure containers in the petroleum and chemical industries, the metallurgy and electricity generation industries and the food and brewery industries.
Three Cheap Clean Energy Stocks
Boone Pickens, founder of Californian based natural gas fuels provider, Clean Energy Fuels, is said to be eyeing up China for investments supplying fuel for natural gas vehicles. Reuters reports that Pickens was in China last week in talks with state oil firm CNOOC. The report says talks centred around the company teaming up with Chinese companies to build natural gas fuelling stations for buses and trucks. Pickens is a long-time advocate of natural gas as an alternative fuel for transport, saying it is a more valuable use of the resource and to use it for power generation.
It seems to me SNEN is already ahead of the game....I wonder if Pickens would ever try to intergrate with SNEN
China's Environmental Mess: Investment Opportunity?
Sinoenergy (SNEN) is a diversified provider of retail/wholesale compressed natural gas [CNG], CNG station design/construction services, compressed gas transportation equipment, and CNG conversion kits for gasoline-fueled automobiles in China. They are currently building out a network of compressed natural gas retail filling stations and plan to have 30 stations in operation by the end of 2007. Based on company guidance and make good clauses contained in their March 2007 purchase agreement, the company will earn 30 cents per fully diluted share. Given a recent price of $2.45 and a modest multiple of 12x some time in early '08 that represents a 40%+ total return.
Boone Pickens, founder of Californian based natural gas fuels provider, Clean Energy Fuels, is said to be eyeing up China for investments supplying fuel for natural gas vehicles. Reuters reports that Pickens was in China last week in talks with state oil firm CNOOC. The report says talks centred around the company teaming up with Chinese companies to build natural gas fuelling stations for buses and trucks. Pickens is a long-time advocate of natural gas as an alternative fuel for transport, saying it is a more valuable use of the resource and to use it for power generation.
It seems to me SNEN is already ahead of the game....I wonder if Pickens would ever try to intergrate with SNEN
2 For 1: Chinese Clean Energy Stocks
Boone Pickens, founder of Californian based natural gas fuels provider, Clean Energy Fuels, is said to be eyeing up China for investments supplying fuel for natural gas vehicles. Reuters reports that Pickens was in China last week in talks with state oil firm CNOOC. The report says talks centred around the company teaming up with Chinese companies to build natural gas fuelling stations for buses and trucks. Pickens is a long-time advocate of natural gas as an alternative fuel for transport, saying it is a more valuable use of the resource and to use it for power generation.
It seems to me SNEN is already ahead of the game....I wonder if Pickens would ever try to intergrate with SNEN
The Long Case for Sinoenergy
More reason to love Sinoenergy long term
The Long Case for Sinoenergy
2) Also ownership in a Chinese auto company.
3) The land value. You can find more info on this in past post but it is something that puts SNEN at a huge advantage.
4) SNEN has the cash they need to build the first 30 stations already.
5) Management
QINGDAO, China, Oct. 9 /Xinhua-PRNewswire-Fir... -- Sinoenergy Corporation (OTC Bulletin Board: SNEN), ("Sinoenergy"... a manufacturer of compressed natural gas (CNG) vehicle and gas station equipment and a designer, developer and operator of CNG filling stations in China, is pleased to announce today that its first two CNG filling stations are now open and have begun distributing compressed natural gas to vehicles as of September 30, 2007.
The two stations are located on Changfeng Street and on Baibuting Street of Wuhan City, Hubei Province. Each station has four filling outlets and both are open 24 hours a day, seven days a week. The company has staffed each station with 12 to 14 employees to handle daily operations.
Within the city of Wuhan there are currently 20 CNG filling stations, one central station and a large scale compressed natural gas plant, all of which are in the design and engineering phase. Sinoenergy expects to open these 20 stations over the next six months with a target of 30 CNG filling stations becoming operational by the end of 2008. That number is expected to expand to 50 operational CNG filling stations by the end of 2009.
Wuhan City is the capital of Hubei Province. As the largest city in central China, it has a population of approximately 9,100,000 people (2006), 6,300 buses and 20,000 taxis. Wuhan currently has 4,900 CNG-burning vehicles with a target of transforming 2,500 taxis and buses into CNG-burning vehicles by end of 2007. At least 20 to 30 CNG filling stations will be required to fill those 7,400 CNG-burning vehicles. At this point in time there are less than 10 operational CNG filling stations.
"We are very pleased to have reached this point and we are proud of the achievements of our dedicated team," said Mr. Bo Huang, CEO of Sinoenergy Corporation. "We are now focusing on rapidly expanding our CNG filling station network in Central and South East China. Based on our current plan, we expect to become the largest CNG filling station owner/operator in mainland China by the year 2009."
China Natural Gas Bumping Against All Time Highs
China Natural Gas Bumping Against All Time Highs