Longwei Petroleum Investment Holding Limited purchases diesel, gasoline, fuel oil and kerosene from various suppliers. As an intermediary, the company seeks to earn profits by buying diesel, gasoline, fuel oil and kerosene at competitive prices and selling them to other wholesalers. In addition, Longwei also earns revenues by acting as a purchase agent where they charge an agency fee -- a fee which is charged to wholesalers who do not have a license to purchase directly from refineries. Further, the company owns a gas station located on its property where it generates additional profit and revenue. All of our operating facilities are located in Taiyuan City, China.
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thc67 17-Mar-2010 05:59 PM
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Ok dutchtrader, it appears you and I have similar thoughts on investing. I do own sh... (#2280)
In Response to original message: #1661 posted by on 13-Oct-2009 03:50 AM
Ok dutchtrader, it appears you and I have similar thoughts on investing. I do own shares of LPIH and have been buying more as the price has fallen. I do think you may even be a little conservative on your pricing you expect later this year from them.
I do think 2010 and 2011 will be very good years for LPIH and like how they have positioned themselves so far.
thc67
Risk Analysis
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