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1 Comment
The Long Case for China North East Petroleum
You stated:
For its part PetroChina provides CNEH with normal staff training and geological support, it has transferred select highly skilled technical staff to CNEH, it has made available drilling crews via a subsidiary company, Songyuan Drilling Services, which in turn provides CNEH with extended payment terms, and PetroChina guarantees purchase of all oil production out to 2022.
With this kind of statement it is obvious that it is in PetroChina's best interest that CNEH becomes a huge success, it's a win win for both companies. With PetroChina purchasing all oil production for the next 15 years, why don't we see more interest in the stock? Do you think that will change when they are listed on another exchange, it seems like they meet all the criteria right now for a Nasdaq listing, when do you see this happening. Thank you, and great article by the way.