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The Long Case for Sinoenergy

ChinaMart,

My impression with SNEN is that they are to a degree winding down their outsourced construction business to build their own filling stations, which means you can't really rely on those estimates as meaning too much. Also, with 29mil shares vs. 14mil last year, the correct P/E looks like its closer to 20.

The Long Case for Sinoenergy

Great write-up. I'd been looking at this and CNHG as well. Have you done any work to validate managements guidance? Also, what do you think about SNEN compared with CHNG, which is already profitable?