1. CNEH
CNEH is breaking out from a one year cup and handle pattern with strong volume supporting Friday's move. Support at $3.90.
China North East Petroleum Holdings Limited, through its subsidiaries, engages in the exploration and production of crude oil. The company holds interests in the Qian’an 112 oilfield comprising 5,115 acreage; Daan 34 oilfield, including 2,298 acreage; Gudian 31 oilfield comprising 1,779 acreage; and Hetingbao 301 oilfield, including 2,471 acreage located in northern the People's Republic of China. As of December 31, 2007, it had 157 producing wells, including 133 producing wells at the Qian’an 112 oilfield, 11 producing wells at the Hetingbao 301 oilfield, 7 producing wells at the Daan 34 oilfield, and 6 producing wells at the Gudian 31 oilfield. The company is based in New York, New York.
$4.835 (06/29/08)
