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Eurasiaequityreport.com Tabs Sinopec, Kinross Gold
Corp. and Strat Petroleum, LTD. As Stocks To Watch For Q3-Q4 2007!
Eurasiaequityreport.com, formerly FINAM U.K., an internet presence
for investors seeking information on select companies doing business in
Eurasia, announces that they have profiled three companies that they
believe have the opportunity for growth for the remainder of 2007. China
Petroleum and Chemical Corp (SINOPEC) (NYSE: SNP-ADR), Kinross Gold Corp
(NYSE:KGC, TSX: K), and Strat Petroleum, LTD (OTC: SPRL.PK) are primed
to grow in the Eurasia region, specifically Russia. Recent news has
bolstered our opinion:
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SINOPEC
Recently found oil reserves of 1.03 billion to 1.5 billion barrels in
the Xinjiang Autonomous Region, according to its parent company, China
Petroleum Corp. The find could raise Sinopec's total oil reserves by 15
percent, and its net asset value by about 5 percent, according to Gordon
Kwan, an oil analyst at brokerage CLSA. Russian oil executives have
recently pledged to develop joint projects with China to pump crude oil
in Russia. On February 5 2007, the state-owned oil company Rosneft and
the Chinese petrochemical corporation Sinopec held the first meeting of
a bilateral coordination committee to discuss crude oil supplies to
China via Mongolia, as well as future joint refinery and petrochemical
projects. Visit them at
www.english.sinopec.com
Kinross Gold Corp.
Kinross was the top performing senior gold equity for 2006 with over
$1 billion dollars in sales and maintains a strong balance sheet and a
no gold hedging policy. Kinross' gold equivalent production is expected
to grow to between 2.1 and 2.2 million gold equivalent ounces in 2008
and 2.6 to 2.7 million gold equivalent ounces in 2009 as the Paracatu
expansion, and Kupol and Buckhorn projects are completed and come into
full production. Visit them at
www.kinross.com
Strat Petroleum, LTD.
Strat Petroleum has entered a little known but potentially very
profitable niche: recovering usable oil from sludge ponds. In early
2006, Strat Petroleum set up a joint venture in the Republic of
Bashkorstan. They acquired 1,000,000 metric tons of sludge reservoirs
with a market value of almost $88 million dollars. Based on current
market prices in the Russian Federation, the total reserves Strat
Petroleum acquired have the potential to generate over $165 million over
the next three to five years. Visit them at
www.stratpetroleum.com
Please visit www.eurasiaequityreport.com for more complete coverage
of these companies.
You may contact us at
research@eurasiaequityreport.com.
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Author: eurasiaequityreport.com
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