Posts Tagged ‘Longwei’

Longwei announces strong second quarter results

Longwei Petroleum, a China-based energy trading company, announced its second quarter fiscal year 2010 results ended December 31, 2009. In the Company’s earnings conference call, CFO Jim Crane was very optimistic on Longwei’s future, especially with the new addition of the Company’s facility in Gujiao.

RedChip Raises Target Price on Longwei on Strong 1QFY10 and Gujiao Oil Depot

RedChip Visibility, a division of RedChip Companies, recently issued a first quarter fiscal year 2010 research note on Longwei Petroleum, a diesel, gasoline, fuel oil, and solvent oil distributor operating in China’s Shanxi Province. Rahul Sowani, Research Analyst for RedChip, reiterated a Strong Buy rating and raised the target price on LPIH shares to $5.00.

Longwei Capitalizing on Oil Demand in Shanxi Province, China

Longwei Petroleum Investment Holding, a profitable diesel, gasoline, fuel oil, and solvent oil distributor operating in Taiyuan City, Shanxi Province in the People’s Republic of China, continues to make good on its long-term plans for success. Longwei recently announced its plans to complete construction on a 70,000 metric ton capacity oil storage facility in the city of Gujiao, a major industrial center located in Shanxi Province.