Longwei Petroleum Investment Holding Ltd.’s shares have increased by nearly eightfold since the company was initially covered in QualityStocks FREE Daily Newsletter. Longwei was highlighted in the newsletter on April 6, 2009 when shares were trading at only $0.31. The stock is currently trading at $2.40 a share. Although down 4.6% today, an investment into Longwei Petroleum less than 10 months ago would have increased by nearly 700%.
Longwei Petroleum is an energy company that engages in oil and gas operations in China. The company’s operations consist of transporting, marketing and selling finished petroleum products such as diesel, gasoline, fuel oil and kerosene. Longwei seeks to earn profits by selling these products at competitive prices to coal plants and other power supply customers along with both large-scale and small, independent gas stations.
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