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Connacher is a growing exploration, development and production company with a focus on producing bitumen and expanding its in-situ oil sands projects located near Fort McMurray, Alberta

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Message: Stock for review - LPIH.OB

Stock for review - LPIH.OB

posted on Jun 06, 2009 02:18PM

I've put in a small buy order for LPIH.OB, for any who may be interested in reviewing Longwei Petroleum. I believe they're a kind of middleman company, more of a distributor than a producer. Here's an article at wikinvest. After last Friday's +21% move, who knows what Monday will bring. I certainly wouldn't place a large order after such a move.

This was their latest financial press release. One concern I have with Chinese companies is I don't know how reliable their information is, could be all smoke and mirrors for all I know.

Also I did (will) pick up some more Petrolifera, as La Pinta really seems to have people excited. I may set a stop if things move up quickly; I don't normally use them with these high volatility small caps, when I want to hold onto my position.

I hope gasoline prices settle down some. They're closing in on $3/gallon here in the States again. I paid over $50 to fill my standard size car's gas tank yesterday. The last time fuel costs became so painful people began cutting back on travel, is when things really went south.

Wishing everyone profitable investing.

-bbq


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