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Message: Changfeng Energy Inc.
It's not listed on Agoracom so i thought i'd post this here anyway i had hesitations yesterday sorry for the delay , it looks interesting for the longer term anyway . Have good day Tec ( sorry about the format can't help it ) SOURCE BAYSTREET.CA Price (June 23, 2009) 52-Week Range Last 12 Months EPS Current P/E Multiple Shares O/S Market Cap Enterprise Value Enterprise Value Per Share 50-day Avg Volume 200-day Avg Volume Year-End Symbol Financial Data Analysts: e COMPANY PROFILE 56 Temperance Street, Suite 501 Toronto, ON M5H 3V5 Telephone: 416-643-7650 Toll Free: 877-856-0765 Note: Report was prepared with public information only. Changfeng Energy Inc. is an infrastructure firm involved in the design and construction of natural gas networks and distribution of natural gas in China, where the Company owns over 260 km of natural gas pipelines. Its operating permit allows the Company to distribute natural gas throughout the greater Sanya region of Hainan Island for 30 years commencing December 31, 2007. The customer base for natural gas distribution services comprises 18,500 households and 250 commercial and industrial customers. Recently, the Company entered into a joint venture agreement with China National Petroleum Corporation for distribution of compressed natural gas ( “CNG” ) for the Hunan region over 18 years. INVESTMENT CONSIDERATIONS 1. Strengths ●
distribution for the region of Sanya for 30 years;
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increase in customer base Q1/2009 over Q1/2008;
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2. Challenges
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debt has no fixed repayment date as it represents a
form of government assistance;
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Small public float, thin liquidity.Political and currency risks; andHigh debt (67%) in capital structure, but one-half of Capital intensive business that is debt-dependant;Potential to win additional (big) contracts.Economic stimulus favors infrastructure companies;Strong growth in demand for natural gas with a 46% Steady cash flow from exclusive natural gas (“CNPC”) Roy Abraham, B.Eng., MBA; Bob Weir, CFATSX-V: CFYDecember 3131,50011,600$0.90$57.10 million$34.99 million66.03 million21.85$0.02$0.70-$0.30$0.51
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